£99,978
This estimated value is based upon the latest sale price for the house of £68,500 on 22 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £68,500 | 22 May 2015 |
| £27,000 | 30 Oct 1998 |
| £20,000 | 18 Oct 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £68,500 results in an estimated price of approximately £99,978.
| 22 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £68,500 | £31,478 | £99,978 |
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 | -8.420 % | £-5,767 | £62,732 |
| 3 Month Average | 11.602 % | £7,947 | £76,447 |
| 6 Month Average | 15.071 % | £10,323 | £78,823 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £147,179 | £145,000 | 5 - 7 LOWERYS LANE |
| 12 Aug 2022 | £324,252 | £325,125 | 177 KELLS LANE |
| 20 May 2022 | £254,801 | £250,000 | 114 KELLS LANE |
| 11 May 2022 | £43,316 | £42,500 | 2 WESLEY STREET |
| 14 Apr 2022 | £72,086 | £70,000 | 26 WILSONS LANE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 28 Jan 2014. Using an estimated price of £99,978 means this house is valued at £1,922 per sq meter (£178 per sq foot).
The average size of a house on KELLS LANE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lowrey'S Lane |
| Apr 2024 | Other crime | Under investigation | On or near Wesley Street |
| Feb 2024 | Public order | Under investigation | On or near Wesley Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clement Street |
| Jan 2024 | Anti-social behaviour | On or near Clement Street |