£71,033
This estimated value is based upon the latest sale price for the house of £67,000 on 28 Jan 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£67,000 | 28 Jan 2022 |
£57,500 | 23 Oct 2017 |
£74,000 | 7 Jul 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 51 sq meters or 548 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 January 2022 the House Price Index for TYNE AND WEAR was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £67,000 results in an estimated price of approximately £71,033.
28 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.2 | 149.7 | 6.020 % | £67,000 | £4,033 | £71,033 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 31.417 % | £21,049 | £88,049 |
3 Month Average | 3.453 % | £2,313 | £69,313 |
6 Month Average | -4.872 % | £-3,264 | £63,735 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Mar 2023 | £134,242 | £132,000 | 52 BLENCATHRA WAY |
10 Mar 2023 | £66,104 | £65,000 | 15 EAST LEA |
10 Mar 2023 | £116,953 | £115,000 | 60 BLENCATHRA WAY |
17 Feb 2023 | £201,345 | £200,000 | 4 BLENCATHRA WAY |
10 Jun 2022 | £168,604 | £165,000 | 1 WAGTAIL CLOSE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 31 Oct 2014. Using an estimated price of £71,033 means this house is valued at £1,392 per sq meter (£129 per sq foot).
The average size of a house on EAST LEA is 59 sq meters (644 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Lea |
Jul 2024 | Anti-social behaviour | On or near East Lea | |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near East Lea |
Jul 2024 | Violence and sexual offences | Under investigation | On or near East Lea |
Jul 2024 | Other theft | Under investigation | On or near East Lea |