£111,335
This estimated value is based upon the latest sale price for the house of £84,500 on 18 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £84,500 | 18 Nov 2016 |
| £89,000 | 3 Dec 2010 |
| £90,000 | 16 Jul 2004 |
| £28,000 | 19 Nov 1999 |
| Semi-Detached |
| 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £84,500 results in an estimated price of approximately £111,335.
| 18 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £84,500 | £26,835 | £111,335 |
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 | 63.558 % | £53,706 | £138,206 |
| 3 Month Average | 3.491 % | £2,949 | £87,449 |
| 6 Month Average | 12.771 % | £10,791 | £95,291 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £150,423 | £148,500 | 31 HEATHER PLACE |
| 16 Jun 2023 | £126,533 | £125,000 | 22 CYPRESS AVENUE |
| 16 Jun 2023 | £143,741 | £142,000 | 2 ROYAL CRESCENT |
| 10 Mar 2023 | £129,217 | £128,000 | 12 CYPRESS AVENUE |
| 6 Feb 2023 | £149,899 | £150,000 | 4 CYPRESS AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 21 Nov 2019. Using an estimated price of £111,335 means this house is valued at £1,445 per sq meter (£134 per sq foot).
The average size of a house on HEATHER PLACE is 91 sq meters (989 sq feet).
This house is the largest in the street with a floor area of 77 sq meters (828 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heather Place |
| Mar 2024 | Anti-social behaviour | On or near Heather Place | |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heather Place |
| Mar 2024 | Anti-social behaviour | On or near Supermarket | |
| Feb 2024 | Anti-social behaviour | On or near Supermarket |