£271,516
This estimated value is based upon the latest sale price for the house of £159,511 on 31 Jul 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £159,511 | 31 Jul 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 977 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 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £159,511 results in an estimated price of approximately £271,516.
| 31 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.218 % | £159,511 | £112,005 | £271,516 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 4.862 % | £7,755 | £167,266 |
| 3 Month Average | 10.398 % | £16,585 | £176,096 |
| 6 Month Average | 20.583 % | £32,832 | £192,343 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £143,758 | £142,500 | 2 SATLEY GARDENS |
| 14 Apr 2023 | £144,051 | £142,500 | 19 STAINTON GARDENS |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
| 20 Jan 2023 | £166,964 | £167,750 | 11 HILLDYKE |
| 20 Jan 2023 | £278,687 | £280,000 | 27 LONG BANK |
This house has a floor area of 90 sq meters or 977 sq feet when measured on 21 Mar 2012. Using an estimated price of £271,516 means this house is valued at £2,988 per sq meter (£277 per sq foot).
The average size of a house on LONG BANK is 116 sq meters (1,253 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Sports/Recreation Area |
| Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Sports/Recreation Area |
| Mar 2024 | Drugs | Under investigation | On or near Stanley Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stanley Gardens |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Stanley Gardens |