£182,905
This estimated value is based upon the latest sale price for the house of £148,000 on 2 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £148,000 | 2 Dec 2019 |
| £91,000 | 26 Jul 2002 |
| £70,000 | 20 Oct 2000 |
| £59,950 | 4 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £148,000 results in an estimated price of approximately £182,905.
| 2 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £148,000 | £34,905 | £182,905 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -17.052 % | £-25,237 | £122,762 |
| 3 Month Average | 4.489 % | £6,644 | £154,644 |
| 6 Month Average | 7.441 % | £11,012 | £159,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £229,133 | £225,000 | 20 LYNNHOLME GARDENS |
| 2 Jun 2023 | £73,472 | £72,000 | 418 OLD DURHAM ROAD |
| 10 Mar 2023 | £193,227 | £190,000 | 8 NORWOOD GARDENS |
| 14 Oct 2022 | £85,215 | £85,500 | 454 OLD DURHAM ROAD |
| 11 Jul 2022 | £217,277 | £215,100 | 19 NORWOOD GARDENS |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 29 Apr 2019. Using an estimated price of £182,905 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on NORWOOD GARDENS is 103 sq meters (1,116 sq feet).
This house is the smallest in the street with a floor area of 77 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lynnholme Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Lynnholme Gardens |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Valley Gardens |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Valley Gardens |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Valley Gardens |