£258,537
This estimated value is based upon the latest sale price for the house of £148,450 on 28 Oct 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£148,450 | 28 Oct 2011 |
£115,000 | 9 Jul 2010 |
Semi-Detached |
Freehold |
Floor Area: 85 sq meters or 916 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 October 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.158%.Applying this 74.158% change to the original purchase price of £148,450 results in an estimated price of approximately £258,537.
28 Oct 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 149.7 | 74.158 % | £148,450 | £110,087 | £258,537 |
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 | 81.439 % | £120,895 | £269,345 |
3 Month Average | 45.502 % | £67,547 | £215,997 |
6 Month Average | 17.994 % | £26,711 | £175,161 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Jul 2024 | £183,000 | £183,000 | 251 VICTORIA ROAD WEST |
1 Sep 2023 | £178,945 | £175,000 | 14 MILL LANE |
3 May 2022 | £157,093 | £153,000 | 32 LAMBLEY CRESCENT |
20 Feb 2022 | £174,315 | £165,000 | 24 BLUE HOUSE ROAD |
8 Sep 2021 | £157,408 | £145,000 | 36 LAMBLEY CRESCENT |
This house has a floor area of 85 sq meters or 916 sq feet when measured on 19 Jul 2011. Using an estimated price of £258,538 means this house is valued at £3,038 per sq meter (£282 per sq foot).
The average size of a house on BLUE HOUSE ROAD is 92 sq meters (999 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Titlington Grove |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Titlington Grove |
Jul 2024 | Anti-social behaviour | On or near Cloverhill Avenue | |
May 2024 | Violence and sexual offences | Under investigation | On or near Lobban Avenue |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Lobban Avenue |