£275,557
This estimated value is based upon the latest sale price for the house of £247,000 on 27 Aug 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £247,000 | 27 Aug 2021 |
| £52,000 | 21 Sep 1995 |
| Semi-Detached |
| Leasehold |
| Floor Area: 103 sq meters or 1,108 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 August 2021 the House Price Index for TYNE AND WEAR was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £247,000 results in an estimated price of approximately £275,557.
| 27 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £247,000 | £28,557 | £275,557 |
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 | 18.466 % | £45,612 | £292,612 |
| 3 Month Average | 16.445 % | £40,620 | £287,620 |
| 6 Month Average | 5.440 % | £13,436 | £260,436 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £193,384 | £190,000 | 16 BUTTERMERE GARDENS |
| 29 Sep 2023 | £222,849 | £220,000 | 4 LOWESWATER ROAD |
| 31 Jul 2023 | £153,060 | £151,000 | 2 ENNERDALE GARDENS |
| 28 Apr 2023 | £187,519 | £185,500 | 20 LANTHWAITE ROAD |
| 27 Mar 2023 | £162,531 | £161,000 | 1 BUTTERMERE GARDENS |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 1 Jul 2021. Using an estimated price of £275,557 means this house is valued at £2,675 per sq meter (£248 per sq foot).
The average size of a house on LANTHWAITE ROAD is 106 sq meters (1,151 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Buttermere Gardens |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Wynbury Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wynbury Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wynbury Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wynbury Road |