£893
This estimated value is based upon the latest sale price for the house of £826 on 17 Nov 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 |
|---|---|
| £826 | 17 Nov 2021 |
| £238,000 | 26 Oct 2018 |
| £175,000 | 7 Mar 2014 |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £826 results in an estimated price of approximately £893.
| 17 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £826 | £67 | £893 |
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 | -40.754 % | £-336 | £489 |
| 3 Month Average | 19.619 % | £162 | £988 |
| 6 Month Average | 15.513 % | £128 | £954 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 14 Apr 2023 | £144,051 | £142,500 | 19 STAINTON GARDENS |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
| 20 Jan 2023 | £166,964 | £167,750 | 11 HILLDYKE |
| 14 Sep 2022 | £131,439 | £132,500 | 27 STANLEY GARDENS |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 13 Aug 2013. Using an estimated price of £893 means this house is valued at £7 per sq meter (£0 per sq foot).
The average size of a house on LONG BANK is 118 sq meters (1,274 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Stanley Gardens |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Stanley Gardens |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Stanley Gardens |
| Mar 2024 | Drugs | Under investigation | On or near Stanley Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stanley Gardens |