£307,213
This estimated value is based upon the latest sale price for the house of £145,000 on 26 Feb 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 26 Feb 2004 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 February 2004 the House Price Index for TYNE AND WEAR was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £145,000 results in an estimated price of approximately £307,213.
| 26 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £145,000 | £162,213 | £307,213 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -24.827 % | £-35,999 | £109,000 |
| 3 Month Average | 60.737 % | £88,068 | £233,068 |
| 6 Month Average | 82.977 % | £120,316 | £265,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £143,000 | £143,000 | 25 LYNWOOD AVENUE |
| 29 Sep 2023 | £131,684 | £130,000 | 8 LYNWOOD AVENUE |
| 21 Apr 2023 | £100,293 | £99,213 | 1 WHITMORE ROAD |
| 14 Jun 2022 | £182,580 | £180,000 | WHITMORE HOUSE WHITMORE ROAD |
| 20 May 2022 | £224,225 | £220,000 | 8 THORNTON CRESCENT |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 4 Jul 2013. Using an estimated price of £307,213 means this house is valued at £2,818 per sq meter (£261 per sq foot).
The average size of a house on HORSECROFTS is 121 sq meters (1,308 sq feet).
This house is the largest in the street with a floor area of 109 sq meters (1,173 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |