£1,992,586
This estimated value is based upon the latest sale price for the house of £1,500,000 on 8 Sep 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 |
|---|---|
| £1,500,000 | 8 Sep 2016 |
| £500,000 | 20 Jun 2008 |
| Detached |
| Freehold |
| Floor Area: 391 sq meters or 4,208 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £1,500,000 results in an estimated price of approximately £1,992,586.
| 8 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £1,500,000 | £492,586 | £1,992,586 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 61.701 % | £925,517 | £2,425,517 |
| 3 Month Average | 14.907 % | £223,600 | £1,723,600 |
| 6 Month Average | -0.135 % | £-2,026 | £1,497,973 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £310,432 | £305,000 | 6A FERNWOOD ROAD |
| 17 Nov 2023 | £280,148 | £276,000 | FLAT 2 1 FERNWOOD ROAD |
| 1 Sep 2023 | £521,670 | £515,000 | 28A CLAYTON ROAD |
| 25 Aug 2023 | £317,780 | £315,000 | 18 FERNWOOD FERNWOOD ROAD |
| 5 Apr 2023 | £151,633 | £150,000 | 3 KRISTAN COURT, 3 - 5 FERNWOOD ROAD |
This house has a floor area of 391 sq meters or 4,208 sq feet when measured on 12 Jun 2014. Using an estimated price of £1,992,587 means this house is valued at £5,096 per sq meter (£473 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,289 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Eslington Terrace |
| Jan 2024 | Anti-social behaviour | On or near Eslington Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Eslington Terrace | |
| Jan 2024 | Anti-social behaviour | On or near Eslington Terrace | |
| Jan 2024 | Other theft | On or near Jesmond (Metro Station) |