£127,630
This estimated value is based upon the latest sale price for the house of £108,000 on 23 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,000 | 23 Oct 2020 |
£107,500 | 17 Feb 2006 |
£37,000 | 29 Jan 1999 |
£36,450 | 29 Mar 1996 |
Terraced |
Freehold |
Floor Area: 54 sq meters or 581 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £108,000 results in an estimated price of approximately £127,630.
23 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
126.7 | 149.7 | 18.177 % | £108,000 | £19,630 | £127,630 |
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 | -18.099 % | £-19,547 | £88,452 |
3 Month Average | 16.987 % | £18,346 | £126,346 |
6 Month Average | 22.099 % | £23,866 | £131,866 |
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 54 sq meters or 581 sq feet when measured on 12 Feb 2016. Using an estimated price of £127,631 means this house is valued at £2,363 per sq meter (£219 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 |