£204,445
This estimated value is based upon the latest sale price for the house of £173,000 on 26 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £173,000 | 26 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 41 sq meters or 441 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 October 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £173,000 results in an estimated price of approximately £204,445.
| 26 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £173,000 | £31,445 | £204,445 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -42.293 % | £-73,167 | £99,832 |
| 3 Month Average | 11.428 % | £19,770 | £192,770 |
| 6 Month Average | 12.688 % | £21,949 | £194,949 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £180,032 | £174,500 | 42 FAIRFIELD GREEN |
| 7 Nov 2023 | £323,204 | £315,000 | 5 FAIR GREEN |
| 1 Sep 2023 | £240,297 | £235,000 | 10 MIDDLE GREEN |
| 21 Aug 2023 | £269,867 | £265,000 | 24 MIDDLE GREEN |
| 27 Jun 2023 | £275,521 | £270,000 | 49 FAIRFIELD DRIVE |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 15 Jul 2015. Using an estimated price of £204,446 means this house is valued at £4,986 per sq meter (£463 per sq foot).
The average size of a house on FAIR GREEN is 75 sq meters (816 sq feet).
This house is the smallest in the street with a floor area of 41 sq meters (441 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Middle Green | |
| Jun 2024 | Anti-social behaviour | On or near Middle Green | |
| Jun 2024 | Other crime | Under investigation | On or near Green Close |
| May 2024 | Violence and sexual offences | Under investigation | On or near Green Close |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Green Square |