£356,179
This estimated value is based upon the latest sale price for the house of £210,000 on 1 Jun 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £210,000 | 1 Jun 2012 |
| £242,000 | 4 Sep 2009 |
| £180,000 | 24 Jul 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 142 sq meters or 1,528 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 June 2012 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.609%.Applying this 69.609% change to the original purchase price of £210,000 results in an estimated price of approximately £356,179.
| 1 Jun 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.609 % | £210,000 | £146,179 | £356,179 |
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 | -10.363 % | £-21,762 | £188,237 |
| 3 Month Average | 26.917 % | £56,526 | £266,526 |
| 6 Month Average | 24.676 % | £51,819 | £261,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 14 Apr 2023 | £144,051 | £142,500 | 19 STAINTON GARDENS |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
| 24 Feb 2023 | £294,802 | £295,000 | RAVENDALE |
| 20 Jan 2023 | £166,964 | £167,750 | 11 HILLDYKE |
This house has a floor area of 142 sq meters or 1,528 sq feet when measured on 19 Mar 2012. Using an estimated price of £356,179 means this house is valued at £2,507 per sq meter (£232 per sq foot).
The average size of a house on LONG BANK is 119 sq meters (1,281 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wrekenton Row |
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Capstan Lane |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Stanley Gardens |
| Apr 2024 | Robbery | Under investigation | On or near Stanley Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stanley Gardens |