£159,116
This estimated value is based upon the latest sale price for the house of £35,500 on 31 Mar 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,500 | 31 Mar 1999 |
| Flats/Maisonettes |
| Leasehold |
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 March 1999 the House Price Index for TYNE AND WEAR was 33.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 348.216%.Applying this 348.216% change to the original purchase price of £35,500 results in an estimated price of approximately £159,116.
| 31 Mar 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.2 | 148.6 | 348.216 % | £35,500 | £123,616 | £159,116 |
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 | 109.134 % | £38,742 | £74,242 |
| 3 Month Average | 239.745 % | £85,109 | £120,609 |
| 6 Month Average | 274.617 % | £97,488 | £132,988 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £185,000 | £185,000 | 7 BRANDON CLOSE |
| 8 Dec 2023 | £148,600 | £146,000 | 60 LONG GAIR |
| 29 Sep 2023 | £81,036 | £80,000 | 25 LONG GAIR |
| 29 Sep 2023 | £169,163 | £167,000 | 58 STEPHENSON WAY |
| 25 Sep 2023 | £146,878 | £145,000 | 82 STEPHENSON WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Stephenson Way |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stephenson Way |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Long Gair |
| Jan 2024 | Drugs | Under investigation | On or near Langdale Crescent |
| Feb 2024 | Anti-social behaviour | On or near Lyndhurst Close |