£117,847
This estimated value is based upon the latest sale price for the house of £68,000 on 14 Mar 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£68,000 | 14 Mar 2011 |
Semi-Detached |
Freehold |
Floor Area: 85 sq meters or 923 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 March 2011 the House Price Index for TYNE AND WEAR was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £68,000 results in an estimated price of approximately £117,847.
14 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.4 | 149.7 | 73.305 % | £68,000 | £49,847 | £117,847 |
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 | 12.475 % | £8,482 | £76,482 |
3 Month Average | 51.819 % | £35,236 | £103,236 |
6 Month Average | 42.206 % | £28,700 | £96,700 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2023 | £144,438 | £140,000 | 6 KNARSDALE AVENUE |
4 Aug 2023 | £91,653 | £90,000 | 36 REDESDALE GROVE |
17 Mar 2023 | £119,496 | £117,500 | 10 DENTON AVENUE |
5 Jan 2023 | £120,321 | £120,000 | 10 STAMFORDHAM AVENUE |
4 Jan 2023 | £178,477 | £178,000 | 3 REDESDALE ROAD |
This house has a floor area of 85 sq meters or 923 sq feet when measured on 9 Jun 2010. Using an estimated price of £117,848 means this house is valued at £1,373 per sq meter (£127 per sq foot).
The average size of a house on LANGLEY ROAD is 81 sq meters (873 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Under investigation | On or near Redesdale Grove |
Apr 2024 | Drugs | Under investigation | On or near Redesdale Grove |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Avenue |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stamfordham Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Denton Avenue |