£252,844
This estimated value is based upon the latest sale price for the house of £98,500 on 29 Nov 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,500 | 29 Nov 2002 |
| £72,000 | 3 Apr 2001 |
| £50,000 | 6 Apr 1995 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 November 2002 the House Price Index for TYNE AND WEAR was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £98,500 results in an estimated price of approximately £252,844.
| 29 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £98,500 | £154,344 | £252,844 |
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 | 51.724 % | £50,948 | £149,448 |
| 3 Month Average | 110.317 % | £108,662 | £207,162 |
| 6 Month Average | 102.678 % | £101,137 | £199,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £184,111 | £182,500 | 3 WINDSOR TERRACE |
| 28 Jul 2023 | £121,637 | £120,000 | 9 SHELLEY AVENUE |
| 21 Mar 2023 | £504,755 | £500,000 | VALEMOUNT ROCKCLIFFE WAY |
| 2 Sep 2022 | £138,879 | £140,000 | 9 BELMONT TERRACE |
| 30 Aug 2022 | £144,611 | £145,000 | 6 BELMONT TERRACE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 18 Nov 2013. Using an estimated price of £252,845 means this house is valued at £3,121 per sq meter (£290 per sq foot).
The average size of a house on MOUNT LONNEN is 76 sq meters (821 sq feet).
This house is the largest in the street with a floor area of 81 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Bowes Railway |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bowes Railway |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shelley Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Shelley Avenue |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fell Road |