£268,251
This estimated value is based upon the latest sale price for the house of £206,000 on 21 Apr 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 |
|---|---|
| £206,000 | 21 Apr 2017 |
| £65,500 | 3 May 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 April 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.219%.Applying this 30.219% change to the original purchase price of £206,000 results in an estimated price of approximately £268,251.
| 21 Apr 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 149.7 | 30.219 % | £206,000 | £62,251 | £268,251 |
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 | -22.272 % | £-45,880 | £160,119 |
| 3 Month Average | 20.830 % | £42,909 | £248,909 |
| 6 Month Average | 10.284 % | £21,184 | £227,184 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £143,646 | £140,000 | 8 LONGSTONE PIMLICO COURT |
| 6 Nov 2023 | £124,151 | £121,000 | 2 RICHMOND COURT |
| 3 Apr 2023 | £115,154 | £113,000 | 27 RICHMOND COURT |
| 10 Feb 2023 | £47,819 | £47,500 | 12 ROBINSWOOD A.P.U. ENGINE LANE |
| 25 Nov 2022 | £119,441 | £120,000 | 41 ISLESTONE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 27 Nov 2013. Using an estimated price of £268,252 means this house is valued at £3,119 per sq meter (£289 per sq foot).
There is one other house on the street which we know the size of, this is 15 ALBERT PLACE it is 62.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Engine Lane |
| May 2024 | Violence and sexual offences | Under investigation | On or near Engine Lane |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Engine Lane |
| Apr 2024 | Other theft | Under investigation | On or near Engine Lane |
| Jun 2024 | Anti-social behaviour | On or near Durham Road |