£68,420
This estimated value is based upon the latest sale price for the house of £55,000 on 20 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £55,000 | 20 Sep 2018 |
| £45,400 | 17 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £55,000 results in an estimated price of approximately £68,420.
| 20 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £55,000 | £13,420 | £68,420 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 51.911 % | £28,551 | £83,551 |
| 3 Month Average | 46.478 % | £25,562 | £80,562 |
| 6 Month Average | 17.108 % | £9,409 | £64,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £127,905 | £125,000 | 109 TYNEMOUTH ROAD |
| 16 Jun 2023 | £204,090 | £200,000 | 27 EDWIN GROVE |
| 17 Mar 2023 | £167,802 | £165,000 | 5 EDWIN GROVE |
| 24 Jan 2023 | £78,209 | £78,000 | 23 EDWIN GROVE |
| 19 Jan 2023 | £81,217 | £81,000 | 85 COLDSTREAM GARDENS |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 14 Jun 2019. Using an estimated price of £68,420 means this house is valued at £1,052 per sq meter (£97 per sq foot).
The average size of a house on TYNEMOUTH ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Drugs | Investigation complete; no suspect identified | On or near Tynemouth Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Tynemouth Road |
| May 2024 | Criminal damage and arson | Under investigation | On or near Tynemouth Road |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tynemouth Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Tynemouth Road |