£90,125
This estimated value is based upon the latest sale price for the house of £88,500 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,500 | 25 Aug 2023 |
| £79,500 | 4 Nov 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 2023 the House Price Index for TYNE AND WEAR was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £88,500 results in an estimated price of approximately £90,125.
| 25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £88,500 | £1,625 | £90,125 |
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 | -42.191 % | £-37,338 | £51,161 |
| 3 Month Average | -3.008 % | £-2,662 | £85,837 |
| 6 Month Average | 2.838 % | £2,511 | £91,011 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £152,323 | £151,000 | 14 BUDE GROVE |
| 12 Apr 2024 | £72,631 | £72,000 | 66 BARNSTAPLE ROAD |
| 1 Dec 2023 | £175,647 | £170,250 | 3 SOMERSET GROVE |
| 30 Nov 2023 | £156,985 | £153,000 | 9 BRIDPORT ROAD |
| 16 Nov 2023 | £194,949 | £190,000 | 16 BRIDPORT ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 23 Jul 2014. Using an estimated price of £90,126 means this house is valued at £1,527 per sq meter (£141 per sq foot).
The average size of a house on FALMOUTH ROAD is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Falmouth Road |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Falmouth Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Melford Place |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Melford Place |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Melford Place |