£125,455
This estimated value is based upon the latest sale price for the house of £116,000 on 5 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 |
|---|---|
| £116,000 | 5 Nov 2021 |
| £95,000 | 15 Jun 2018 |
| Semi-Detached |
| Freehold |
| 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 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 £116,000 results in an estimated price of approximately £125,455.
| 5 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £116,000 | £9,455 | £125,455 |
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 % | £-47,274 | £68,725 |
| 3 Month Average | 19.619 % | £22,758 | £138,758 |
| 6 Month Average | 15.513 % | £17,995 | £133,995 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £156,901 | £155,000 | 51 HIGHWORTH DRIVE |
| 9 Jun 2023 | £139,186 | £137,500 | 14 HEUGH HILL |
| 6 Apr 2023 | £104,121 | £103,000 | 19 HEUGH HILL |
| 25 Nov 2022 | £135,360 | £137,000 | 41 HIGHWORTH DRIVE |
| 30 May 2022 | £351,626 | £345,000 | THE OLD POLICE HOUSE HEUGH HILL |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 27 Jan 2016. Using an estimated price of £125,456 means this house is valued at £2,126 per sq meter (£197 per sq foot).
The average size of a house on HEUGH HILL is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Heugh Hill | |
| Jan 2024 | Anti-social behaviour | On or near Heugh Hill | |
| Jan 2024 | Anti-social behaviour | On or near Heugh Hill | |
| Jan 2024 | Anti-social behaviour | On or near Heugh Hill | |
| Jan 2024 | Anti-social behaviour | On or near Heugh Hill |