£306,611
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 29 Nov 2019 |
| £180,000 | 12 Dec 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £250,000 results in an estimated price of approximately £306,611.
| 29 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £250,000 | £56,611 | £306,611 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 30.847 % | £77,117 | £327,117 |
| 3 Month Average | 26.491 % | £66,227 | £316,227 |
| 6 Month Average | 18.244 % | £45,609 | £295,609 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £284,208 | £280,000 | 9 MANOR PLACE |
| 4 Sep 2023 | £329,209 | £325,000 | 1 MANOR AVENUE |
| 28 Jul 2023 | £233,138 | £230,000 | 12 MANOR GARDENS |
| 14 Jul 2023 | £282,806 | £279,000 | 10 MANOR GARDENS |
| 9 Jun 2023 | £120,054 | £118,600 | 7 MANOR WALK |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 16 Sep 2016. Using an estimated price of £306,611 means this house is valued at £3,832 per sq meter (£356 per sq foot).
The average size of a house on MANOR PLACE is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Manor Place |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Manor Place |
| Jan 2024 | Anti-social behaviour | On or near Manor Place | |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Manor Place |
| Jan 2024 | Anti-social behaviour | On or near Manor Place |