£271,996
This estimated value is based upon the latest sale price for the house of £223,000 on 3 Jan 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 |
|---|---|
| £223,000 | 3 Jan 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £223,000 results in an estimated price of approximately £271,996.
| 3 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £223,000 | £48,996 | £271,996 |
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 | 15.424 % | £34,396 | £257,396 |
| 3 Month Average | 23.516 % | £52,440 | £275,440 |
| 6 Month Average | 32.865 % | £73,289 | £296,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2023 | £202,729 | £200,000 | 26 GLENDALE AVENUE |
| 22 Jun 2023 | £215,106 | £212,500 | 23 GLENDALE AVENUE |
| 17 Apr 2023 | £313,374 | £310,000 | 50 FERN AVENUE |
| 21 Mar 2023 | £239,759 | £237,500 | 32 FERN AVENUE |
| 1 Feb 2023 | £166,888 | £167,000 | 24 BRIGHTON GROVE |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 2 Oct 2019. Using an estimated price of £271,996 means this house is valued at £1,801 per sq meter (£167 per sq foot).
The average size of a house on LANSDOWNE TERRACE WEST is 98 sq meters (1,060 sq feet).
This house is the largest in the street with a floor area of 151 sq meters (1,625 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Lansdowne Terrace West |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lansdowne Terrace West |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hawkey'S Lane |
| Mar 2024 | Anti-social behaviour | On or near Hawkey'S Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hawkey'S Lane |