£425,537
This estimated value is based upon the latest sale price for the house of £184,950 on 21 Aug 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £184,950 | 21 Aug 2003 |
| £102,000 | 1 Dec 1999 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 August 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £184,950 results in an estimated price of approximately £425,537.
| 21 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £184,950 | £240,587 | £425,537 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 64.524 % | £119,337 | £304,287 |
| 3 Month Average | 48.220 % | £89,183 | £274,133 |
| 6 Month Average | 49.108 % | £90,824 | £275,774 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jun 2022 | £304,351 | £300,050 | 45 COTTONWOOD |
| 10 Dec 2021 | £214,275 | £200,000 | 7 SHELLBARK |
| 5 Jul 2021 | £305,705 | £266,000 | 28 COTTONWOOD |
| 18 Dec 2020 | £344,888 | £300,500 | 20 SHELLBARK |
| 25 Sep 2020 | £282,003 | £237,500 | 3 LACEBARK |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 3 Oct 2016. Using an estimated price of £425,538 means this house is valued at £4,014 per sq meter (£372 per sq foot).
The average size of a house on LACEBARK is 143 sq meters (1,547 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Lacebark |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Medlar Close |
| Mar 2024 | Anti-social behaviour | On or near Medlar Close | |
| Mar 2024 | Anti-social behaviour | On or near Medlar Close | |
| Mar 2024 | Anti-social behaviour | On or near Brentwood Road |