£113,716
This estimated value is based upon the latest sale price for the house of £92,000 on 20 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £92,000 | 20 Sep 2019 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £92,000 results in an estimated price of approximately £113,716.
| 20 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £92,000 | £21,716 | £113,716 |
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 | 65.411 % | £60,178 | £152,178 |
| 3 Month Average | 14.997 % | £13,797 | £105,797 |
| 6 Month Average | 12.961 % | £11,924 | £103,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £108,329 | £105,000 | 8 GARRICK CLOSE |
| 23 Jun 2023 | £117,352 | £115,000 | 3 DRURY LANE |
| 24 Mar 2023 | £157,632 | £155,000 | 63 WOOLSINGTON ROAD |
| 23 Jan 2023 | £70,188 | £70,000 | 13 PHOENIX CHASE |
| 22 Jul 2022 | £131,316 | £130,000 | 21 DRURY LANE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 12 Dec 2019. Using an estimated price of £113,716 means this house is valued at £1,292 per sq meter (£120 per sq foot).
The average size of a house on LYRIC CLOSE is 101 sq meters (1,094 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lyric Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lyric Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lyric Close |