£137,271
This estimated value is based upon the latest sale price for the house of £105,050 on 30 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,050 | 30 Jan 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £105,050 results in an estimated price of approximately £137,271.
| 30 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £105,050 | £32,221 | £137,271 |
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 | 28.216 % | £29,641 | £134,691 |
| 3 Month Average | 37.771 % | £39,678 | £144,728 |
| 6 Month Average | 39.445 % | £41,437 | £146,487 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £99,269 | £98,000 | 40 CRAGSIDE AVENUE |
| 4 Sep 2023 | £124,087 | £122,500 | 17 CRAGSIDE AVENUE |
| 1 Sep 2023 | £177,267 | £175,000 | 61 NETHERTON AVENUE |
| 26 Jun 2023 | £172,084 | £170,000 | 21 NETHERTON AVENUE |
| 20 Jan 2023 | £179,156 | £180,000 | 23 CRAGSIDE AVENUE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 20 Sep 2016. Using an estimated price of £137,272 means this house is valued at £1,596 per sq meter (£148 per sq foot).
The average size of a house on LYNN ROAD is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Thropton Place |
| Apr 2024 | Anti-social behaviour | On or near B1316 | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near B1316 |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near B1316 |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near B1316 |