£168,827
This estimated value is based upon the latest sale price for the house of £99,950 on 25 Oct 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £99,950 | 25 Oct 2006 |
| £74,950 | 17 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 922 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 October 2006 the House Price Index for TYNE AND WEAR was 88.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.912%.Applying this 68.912% change to the original purchase price of £99,950 results in an estimated price of approximately £168,827.
| 25 Oct 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.6 | 68.912 % | £99,950 | £68,877 | £168,827 |
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 | 10.110 % | £10,105 | £110,055 |
| 3 Month Average | 29.386 % | £29,370 | £129,320 |
| 6 Month Average | 44.816 % | £44,793 | £144,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £106,870 | £105,000 | 8 GARRICK CLOSE |
| 4 Aug 2023 | £126,103 | £125,000 | 24 GARRICK CLOSE |
| 23 Jun 2023 | £116,410 | £115,000 | 3 DRURY LANE |
| 2 Jun 2023 | £117,928 | £116,500 | 47 WYNDHAM WAY |
| 24 Mar 2023 | £156,474 | £155,000 | 63 WOOLSINGTON ROAD |
This house has a floor area of 85 sq meters or 922 sq feet when measured on 8 Feb 2012. Using an estimated price of £168,828 means this house is valued at £1,969 per sq meter (£183 per sq foot).
The average size of a house on LYRIC CLOSE is 101 sq meters (1,094 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lyric Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lyric Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lyric Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lyric Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Phoenix Chase |