£159,506
This estimated value is based upon the latest sale price for the house of £110,000 on 27 Jul 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£110,000 | 27 Jul 2015 |
£102,000 | 29 Apr 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 88 sq meters or 947 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 July 2015 the House Price Index for TYNE AND WEAR was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £110,000 results in an estimated price of approximately £159,506.
27 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 149.7 | 45.006 % | £110,000 | £49,506 | £159,506 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -21.310 % | £-23,440 | £86,559 |
3 Month Average | 22.240 % | £24,464 | £134,464 |
6 Month Average | 31.032 % | £34,135 | £144,135 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Mar 2024 | £151,528 | £149,200 | 88 LANSDOWNE TERRACE |
18 Mar 2024 | £147,263 | £145,000 | 21 LANSDOWNE TERRACE |
3 Nov 2023 | £137,490 | £134,000 | 12 LANSDOWNE TERRACE |
23 Oct 2023 | £140,184 | £137,000 | 59 LANSDOWNE TERRACE |
29 Aug 2023 | £157,847 | £155,000 | 9 LANSDOWNE TERRACE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 19 Nov 2012. Using an estimated price of £159,507 means this house is valued at £1,812 per sq meter (£168 per sq foot).
The average size of a house on LANSDOWNE TERRACE is 75 sq meters (808 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near The Chase | |
Jun 2024 | Anti-social behaviour | On or near The Chase | |
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Beech Court |
Jun 2024 | Shoplifting | Under investigation | On or near Beech Court |
May 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Beech Court |