£531,430
This estimated value is based upon the latest sale price for the house of £530,000 on 15 Jul 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 |
|---|---|
| £530,000 | 15 Jul 2022 |
| £230,000 | 19 Dec 2016 |
| Terraced |
| Freehold |
| Floor Area: 142 sq meters or 1,528 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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £530,000 results in an estimated price of approximately £531,430.
| 15 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £530,000 | £1,430 | £531,430 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | -10.828 % | £-57,389 | £472,610 |
| 3 Month Average | 1.261 % | £6,682 | £536,682 |
| 6 Month Average | -6.207 % | £-32,897 | £497,102 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £119,103 | £117,500 | APARTMENT H 1 EDWARDS ROAD |
| 3 Jul 2023 | £91,228 | £90,000 | 16 CHEVIOT VIEW |
| 22 Jul 2022 | £122,329 | £122,000 | APARTMENT F 1 EDWARDS ROAD |
| 15 Jul 2022 | £531,431 | £530,000 | 17 EDWARDS ROAD |
| 1 Jul 2022 | £108,793 | £108,500 | VERANO APARTMENTS, 118 WHITLEY ROAD |
This house has a floor area of 142 sq meters or 1,528 sq feet when measured on 23 Apr 2016. Using an estimated price of £531,431 means this house is valued at £3,742 per sq meter (£347 per sq foot).
The average size of a house on EDWARDS ROAD is 125 sq meters (1,351 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Edwards Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Styan Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |