£60,550
This estimated value is based upon the latest sale price for the house of £50,000 on 15 Jun 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 |
---|---|
£50,000 | 15 Jun 2020 |
Terraced |
Freehold |
Floor Area: 74 sq meters or 796 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 June 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £50,000 results in an estimated price of approximately £60,550.
15 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.7 | 148.6 | 21.102 % | £50,000 | £10,550 | £60,550 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | 320.100 % | £160,050 | £210,050 |
3 Month Average | -23.768 % | £-11,884 | £38,115 |
6 Month Average | -5.692 % | £-2,845 | £47,154 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £134,999 | £133,000 | 129 SPOUT LANE |
13 Nov 2023 | £71,052 | £70,000 | 2 BEVERLEY COURT |
30 Sep 2023 | £175,241 | £173,000 | 22 RUSHMORE GRANGE |
15 Sep 2023 | £86,101 | £85,000 | 72 HERTBURN GARDENS |
16 Jun 2023 | £95,153 | £94,000 | 81 HERTBURN GARDENS |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 11 Sep 2019. Using an estimated price of £60,551 means this house is valued at £818 per sq meter (£76 per sq foot).
The average size of a house on CHURCH VIEW is 107 sq meters (1,155 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Industrial Road |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Industrial Road |
Mar 2024 | Vehicle crime | Under investigation | On or near Industrial Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Industrial Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Industrial Road |