£185,943
This estimated value is based upon the latest sale price for the house of £115,000 on 9 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 9 Dec 2013 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 December 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £115,000 results in an estimated price of approximately £185,943.
| 9 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 149.7 | 61.690 % | £115,000 | £70,943 | £185,943 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -5.386 % | £-6,194 | £108,805 |
| 3 Month Average | 6.866 % | £7,895 | £122,895 |
| 6 Month Average | 9.332 % | £10,731 | £125,731 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £293,962 | £286,500 | 15 LINDEN WAY |
| 20 Sep 2023 | £127,818 | £125,000 | 15 SOUTHLANDS |
| 8 Sep 2023 | £296,537 | £290,000 | 21 THE CEDARS |
| 28 Apr 2023 | £127,332 | £124,950 | 8 CYPRESS ROAD |
| 14 Apr 2023 | £91,715 | £90,000 | 22 ROSEMARY GARDENS |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Sep 2013. Using an estimated price of £185,943 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on ROSEMARY GARDENS is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Rosemary Gardens |
| May 2024 | Criminal damage and arson | Under investigation | On or near Rosemary Gardens |
| Jul 2024 | Drugs | Under investigation | On or near Galloping Green Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Galloping Green Road |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Galloping Green Road |