£209,557
This estimated value is based upon the latest sale price for the house of £160,000 on 16 Feb 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 |
---|---|
£160,000 | 16 Feb 2017 |
£53,000 | 24 Nov 1995 |
Terraced |
Freehold |
Floor Area: 84 sq meters or 904 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £160,000 results in an estimated price of approximately £209,557.
16 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £160,000 | £49,557 | £209,557 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -25.758 % | £-41,212 | £118,787 |
3 Month Average | 32.249 % | £51,598 | £211,598 |
6 Month Average | 28.906 % | £46,250 | £206,250 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Mar 2024 | £177,731 | £175,000 | 23 BYGATE COURT CHAPEL LANE |
6 Mar 2024 | £172,653 | £170,000 | 6 BYGATE COURT CHAPEL LANE |
21 Dec 2023 | £108,329 | £105,000 | 92 FRONT STREET |
20 Dec 2023 | £54,680 | £53,000 | FLAT 45 HOMEPRIOR HOUSE FRONT STREET |
18 Dec 2023 | £170,231 | £165,000 | 14 BYGATE COURT CHAPEL LANE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 19 Aug 2016. Using an estimated price of £209,557 means this house is valued at £2,494 per sq meter (£231 per sq foot).
The average size of a house on CHAPEL LANE is 72 sq meters (778 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Under investigation | On or near Chapel Lane |
Jul 2024 | Shoplifting | Under investigation | On or near Chapel Lane |
Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Chapel Lane |
May 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
May 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |