£303,579
This estimated value is based upon the latest sale price for the house of £64,000 on 22 May 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £64,000 | 22 May 1998 |
| Semi-Detached |
| 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 May 1998 the House Price Index for TYNE AND WEAR was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £64,000 results in an estimated price of approximately £303,579.
| 22 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 149.7 | 374.343 % | £64,000 | £239,579 | £303,579 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 213.163 % | £136,424 | £200,424 |
| 3 Month Average | 297.276 % | £190,256 | £254,256 |
| 6 Month Average | 253.202 % | £162,049 | £226,049 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £598,387 | £580,000 | 3 HEDGEFIELD COURT |
| 18 Dec 2023 | £192,412 | £186,500 | 1 SIMPSON STREET |
| 21 Aug 2023 | £142,571 | £140,000 | 12 HIGH HEDGEFIELD TERRACE |
| 20 Mar 2023 | £215,601 | £212,000 | 16 THE LONNEN |
| 30 May 2022 | £116,023 | £113,000 | 2 HIGH HEDGEFIELD TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Lonnen |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Lonnen |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near The Lonnen |
| Apr 2024 | Anti-social behaviour | On or near The Lonnen | |
| Apr 2024 | Anti-social behaviour | On or near The Lonnen |