£525,129
This estimated value is based upon the latest sale price for the house of £311,500 on 28 May 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £311,500 | 28 May 2013 |
| £113,500 | 2 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 140 sq meters or 1,515 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 May 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.581%.Applying this 68.581% change to the original purchase price of £311,500 results in an estimated price of approximately £525,129.
| 28 May 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 149.7 | 68.581 % | £311,500 | £213,629 | £525,129 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 83.792 % | £261,011 | £572,511 |
| 3 Month Average | 38.885 % | £121,126 | £432,626 |
| 6 Month Average | 40.892 % | £127,379 | £438,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Apr 2024 | £580,037 | £575,000 | 14 MOORFIELD |
| 13 Dec 2023 | £433,315 | £420,000 | 1 NEWLANDS ROAD |
| 17 Aug 2023 | £407,347 | £400,000 | 44 KINGSWOOD AVENUE |
| 1 Aug 2023 | £519,469 | £510,100 | 9 KINGSWOOD AVENUE |
| 24 Apr 2023 | £585,960 | £575,000 | 22 MOORFIELD |
This house has a floor area of 140 sq meters or 1,515 sq feet when measured on 12 Apr 2011. Using an estimated price of £525,130 means this house is valued at £3,729 per sq meter (£346 per sq foot).
The average size of a house on MOORFIELD is 170 sq meters (1,833 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Moorfield |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Moorfield |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Albemarle Avenue |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Kingswood Avenue |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kingswood Avenue |