£232,187
This estimated value is based upon the latest sale price for the house of £230,000 on 31 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£230,000 | 31 Mar 2023 |
£162,000 | 29 Mar 2019 |
£45,950 | 24 Jul 1995 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 March 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £230,000 results in an estimated price of approximately £232,187.
31 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.2 | 148.6 | 0.951 % | £230,000 | £2,187 | £232,187 |
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 | -27.162 % | £-62,471 | £167,528 |
3 Month Average | -12.733 % | £-29,286 | £200,713 |
6 Month Average | -2.770 % | £-6,369 | £223,630 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £170,941 | £167,950 | 197 NORTHUMBRIAN WAY |
8 Dec 2023 | £96,692 | £95,000 | 50 NORTHUMBRIAN WAY |
31 Mar 2023 | £232,188 | £230,000 | 177 NORTHUMBRIAN WAY |
6 Mar 2023 | £122,151 | £121,000 | 12 NORTHUMBRIAN WAY |
18 Jan 2023 | £157,259 | £158,000 | 122 NORTHUMBRIAN WAY |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 23 Nov 2018. Using an estimated price of £232,188 means this house is valued at £2,939 per sq meter (£273 per sq foot).
The average size of a house on NORTHUMBRIAN WAY is 60 sq meters (645 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Dock Road | |
Feb 2024 | Anti-social behaviour | On or near Dock Road | |
Feb 2024 | Anti-social behaviour | On or near Dock Road | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Rowntree Way |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Burdon Main Row |