£176,680
This estimated value is based upon the latest sale price for the house of £140,000 on 6 Oct 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 6 Oct 2017 |
| £98,000 | 29 Mar 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £140,000 results in an estimated price of approximately £176,680.
| 6 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.6 | 26.200 % | £140,000 | £36,680 | £176,680 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 14.606 % | £20,449 | £160,449 |
| 3 Month Average | 27.757 % | £38,859 | £178,859 |
| 6 Month Average | 10.366 % | £14,512 | £154,512 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £150,636 | £148,000 | 10 BOURN LEA |
| 16 Aug 2023 | £156,368 | £155,000 | 10 GOLF COURSE ROAD |
| 3 Jul 2023 | £265,574 | £262,000 | 4 BOURN LEA |
| 30 Jun 2023 | £118,435 | £117,000 | 34 BOURN LEA |
| 27 Mar 2023 | £141,332 | £140,000 | 8 BOURN LEA |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 9 Sep 2016. Using an estimated price of £176,680 means this house is valued at £2,994 per sq meter (£278 per sq foot).
The average size of a house on GOLF COURSE ROAD is 71 sq meters (770 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Golf Course Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Golf Course Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Golf Course Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Golf Course Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bourn Lea |