£487,485
This estimated value is based upon the latest sale price for the house of £381,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£381,000 | 18 Aug 2017 |
£80,000 | 23 Mar 2005 |
Detached |
Freehold |
Floor Area: 210 sq meters or 2,260 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 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.949%.Applying this 27.949% change to the original purchase price of £381,000 results in an estimated price of approximately £487,485.
18 Aug 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.0 | 149.7 | 27.949 % | £381,000 | £106,485 | £487,485 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -16.730 % | £-63,741 | £317,258 |
3 Month Average | 18.031 % | £68,699 | £449,699 |
6 Month Average | 7.511 % | £28,615 | £409,615 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Apr 2024 | £479,161 | £475,000 | 5 ASHLEIGH CLOSE |
18 Dec 2023 | £402,364 | £390,000 | 16 BERKLEY AVENUE |
28 Nov 2023 | £328,334 | £320,000 | 44 SHIBDON ROAD |
18 Nov 2022 | £427,999 | £430,000 | 4 WOODLANDS PARK DRIVE |
28 Jul 2022 | £384,856 | £381,000 | 4 ASHLEIGH CLOSE |
This house has a floor area of 210 sq meters or 2,260 sq feet when measured on 16 May 2017. Using an estimated price of £487,486 means this house is valued at £2,321 per sq meter (£215 per sq foot).
The average size of a house on SHIBDON ROAD is 111 sq meters (1,203 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Under investigation | On or near Shibdon Road |
Jul 2024 | Public order | Under investigation | On or near Shibdon Park View |
Jul 2024 | Other theft | Under investigation | On or near Shibdon Park View |
May 2024 | Anti-social behaviour | On or near Shibdon Park View | |
May 2024 | Anti-social behaviour | On or near Shibdon Park View |