£363,907
This estimated value is based upon the latest sale price for the house of £240,000 on 11 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £240,000 | 11 Sep 2014 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,055 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 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £240,000 results in an estimated price of approximately £363,907.
| 11 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £240,000 | £123,907 | £363,907 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -25.218 % | £-60,523 | £179,476 |
| 3 Month Average | -11.048 % | £-26,515 | £213,484 |
| 6 Month Average | 1.208 % | £2,899 | £242,899 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £265,861 | £260,000 | 19 OAKWOOD AVENUE |
| 31 Mar 2023 | £350,859 | £345,000 | 16 LYNDHURST GROVE |
| 21 Mar 2023 | £345,774 | £340,000 | 10 IVY LANE |
| 20 Jan 2023 | £97,260 | £97,000 | 15 COLTON GARDENS |
| 16 Jan 2023 | £135,362 | £135,000 | 51 BRAMPTON GARDENS |
This house has a floor area of 98 sq meters or 1,055 sq feet when measured on 5 Jan 2009. Using an estimated price of £363,907 means this house is valued at £3,709 per sq meter (£344 per sq foot).
The average size of a house on IVY LANE is 177 sq meters (1,905 sq feet).
This house is the smallest in the street with a floor area of 98 sq meters (1,055 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Blackrow Lane |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Blackrow Lane |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Blackrow Lane |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Blackrow Lane |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Eskdale Gardens |