£281,522
This estimated value is based upon the latest sale price for the house of £153,000 on 10 Jun 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Newminster Road
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| Price Paid | Date |
|---|---|
| £153,000 | 10 Jun 2009 |
| £50,000 | 12 Mar 1999 |
| Terraced |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in June 2009 the House Price Index for TYNE AND WEAR was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.002%.Applying this 84.002% change to the original purchase price of £153,000 results in an estimated price of approximately £281,522.
| 10 Jun 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 84.002 % | £153,000 | £128,522 | £281,522 |
The Postcode Pricing Model uses changes in average sales price within the NE4 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 16.293 % | £24,928 | £177,928 |
| 3 Month Average | 33.514 % | £51,276 | £204,276 |
| 6 Month Average | 34.534 % | £52,837 | £205,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Jun 2023 | £248,004 | £245,000 | 12 TILLMOUTH GARDENS |
| 27 Apr 2023 | £262,830 | £260,000 | 94 NEWMINSTER ROAD |
| 18 Mar 2022 | £282,381 | £272,500 | 21 NEWMINSTER ROAD |
| 4 Mar 2022 | £321,241 | £310,000 | 14 TWO BALL LONNEN |
| 26 Nov 2021 | £337,432 | £312,000 | 39 TWO BALL LONNEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Newminster Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Newminster Road |
| Dec 2023 | Anti-social behaviour | On or near Newminster Road |