£225,922
This estimated value is based upon the latest sale price for the house of £120,500 on 29 Apr 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£120,500 | 29 Apr 2005 |
£63,500 | 10 Dec 2001 |
£49,250 | 26 Feb 1996 |
Semi-Detached |
Freehold |
Floor Area: 66 sq meters or 710 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 April 2005 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.488%.Applying this 87.488% change to the original purchase price of £120,500 results in an estimated price of approximately £225,922.
29 Apr 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.8 | 149.7 | 87.488 % | £120,500 | £105,422 | £225,922 |
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 | 7.350 % | £8,857 | £129,357 |
3 Month Average | 55.636 % | £67,041 | £187,541 |
6 Month Average | 56.435 % | £68,004 | £188,504 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £173,274 | £167,950 | 197 NORTHUMBRIAN WAY |
31 Mar 2023 | £233,906 | £230,000 | 177 NORTHUMBRIAN WAY |
6 Mar 2023 | £123,055 | £121,000 | 12 NORTHUMBRIAN WAY |
18 Jan 2023 | £158,423 | £158,000 | 122 NORTHUMBRIAN WAY |
26 Aug 2022 | £155,728 | £155,000 | 60 NORTHUMBRIAN WAY |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 9 Apr 2013. Using an estimated price of £225,923 means this house is valued at £3,423 per sq meter (£318 per sq foot).
The average size of a house on NORTHUMBRIAN WAY is 60 sq meters (645 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Under investigation | On or near Northumbrian Way |
Jun 2024 | Anti-social behaviour | On or near Northumbrian Way | |
Jun 2024 | Anti-social behaviour | On or near Northumbrian Way | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Northumbrian Way |
May 2024 | Violence and sexual offences | Under investigation | On or near Northumbrian Way |