£132,623
This estimated value is based upon the latest sale price for the house of £116,500 on 26 May 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£116,500 | 26 May 2021 |
£80,000 | 11 May 2012 |
£80,000 | 10 Dec 2004 |
£31,500 | 12 Sep 2000 |
Terraced |
Freehold |
Floor Area: 86 sq meters or 932 sq feet |
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 May 2021 the House Price Index for TYNE AND WEAR was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £116,500 results in an estimated price of approximately £132,623.
26 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
131.5 | 149.7 | 13.840 % | £116,500 | £16,123 | £132,623 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 20.402 % | £23,767 | £140,267 |
3 Month Average | -1.867 % | £-2,174 | £114,325 |
6 Month Average | 14.961 % | £17,429 | £133,929 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £90,788 | £90,000 | 3 GREENLEA |
8 Mar 2024 | £101,560 | £100,000 | 40 GREENLEA |
22 Sep 2023 | £133,442 | £130,500 | 60 LOCKSLEY CLOSE |
18 Sep 2023 | £124,750 | £122,000 | 72 GREENLEA |
4 Aug 2023 | £82,997 | £81,500 | 7 GREENLEA |
This house has a floor area of 86 sq meters or 932 sq feet when measured on 13 Mar 2012. Using an estimated price of £132,624 means this house is valued at £1,530 per sq meter (£142 per sq foot).
The average size of a house on GREENLEA is 92 sq meters (991 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Greenlea |
Jul 2024 | Anti-social behaviour | On or near Greenlea | |
Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Greenlea |
Jun 2024 | Other theft | Under investigation | On or near Greenlea |
Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Greenlea |