£287,994
This estimated value is based upon the latest sale price for the house of £105,000 on 14 Aug 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,000 | 14 Aug 2002 |
| Terraced |
| Freehold |
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 August 2002 the House Price Index for TYNE AND WEAR was 54.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 174.280%.Applying this 174.280% change to the original purchase price of £105,000 results in an estimated price of approximately £287,994.
| 14 Aug 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 148.6 | 174.280 % | £105,000 | £182,994 | £287,994 |
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 | 133.411 % | £140,081 | £245,081 |
| 3 Month Average | 168.980 % | £177,428 | £282,428 |
| 6 Month Average | 196.645 % | £206,476 | £311,476 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Mar 2024 | £245,000 | £245,000 | 56 GRASMERE TERRACE |
| 18 Mar 2024 | £145,000 | £145,000 | 21 LANSDOWNE TERRACE |
| 13 Nov 2023 | £322,271 | £317,500 | 53 HAWKEYS LANE |
| 3 Nov 2023 | £136,014 | £134,000 | 12 LANSDOWNE TERRACE |
| 28 Jun 2023 | £106,287 | £105,000 | 73 LANSDOWNE TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hawkey'S Lane | |
| Mar 2024 | Anti-social behaviour | On or near Hawkey'S Lane | |
| Mar 2024 | Anti-social behaviour | On or near Hawkey'S Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hawkey'S Lane |
| Mar 2024 | Violence and sexual offences | Awaiting court outcome | On or near Hawkey'S Lane |