£125,847
This estimated value is based upon the latest sale price for the house of £75,000 on 28 Jun 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£75,000 | 28 Jun 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 64 sq meters or 688 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 2013 the House Price Index for TYNE AND WEAR was 89.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.796%.Applying this 67.796% change to the original purchase price of £75,000 results in an estimated price of approximately £125,847.
28 Jun 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.2 | 149.7 | 67.796 % | £75,000 | £50,847 | £125,847 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 80.246 % | £60,184 | £135,184 |
3 Month Average | 37.068 % | £27,800 | £102,800 |
6 Month Average | 32.026 % | £24,019 | £99,019 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £85,694 | £84,950 | 70 LANDFALL DRIVE |
26 Mar 2024 | £83,533 | £82,250 | 10 MAY CLOSE |
1 Sep 2023 | £201,441 | £197,000 | 94 LANDFALL DRIVE |
2 Jun 2023 | £88,779 | £87,000 | 7 LANDFALL DRIVE |
20 Mar 2023 | £81,359 | £80,000 | 5 LANDFALL DRIVE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 6 Dec 2012. Using an estimated price of £125,847 means this house is valued at £1,966 per sq meter (£182 per sq foot).
The average size of a house on MAY CLOSE is 79 sq meters (856 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near May Close | |
May 2024 | Other crime | Under investigation | On or near May Close |
Jun 2024 | Anti-social behaviour | On or near Parking Area | |
Jun 2024 | Anti-social behaviour | On or near Parking Area | |
Jun 2024 | Anti-social behaviour | On or near Landfall Drive |