£400,129
This estimated value is based upon the latest sale price for the house of £310,000 on 22 Jun 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 |
|---|---|
| £310,000 | 22 Jun 2017 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 June 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £310,000 results in an estimated price of approximately £400,129.
| 22 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £310,000 | £90,129 | £400,129 |
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 | 28.684 % | £88,920 | £398,920 |
| 3 Month Average | 21.745 % | £67,409 | £377,409 |
| 6 Month Average | 22.642 % | £70,189 | £380,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £527,922 | £518,400 | 9 JESMOND DENE ROAD |
| 28 Jul 2022 | £515,162 | £510,000 | 40 BEATTY AVENUE |
| 21 Jun 2022 | £531,358 | £520,000 | 12 STURDEE GARDENS |
| 18 Feb 2022 | £512,382 | £485,000 | 38 BEATTY AVENUE |
| 13 Jan 2022 | £535,400 | £505,000 | 14 BEATTY AVENUE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 23 Mar 2017. Using an estimated price of £400,129 means this house is valued at £4,256 per sq meter (£395 per sq foot).
The average size of a house on STURDEE GARDENS is 120 sq meters (1,294 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Keyes Gardens |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Woodthorne Road |
| May 2024 | Bicycle theft | Under investigation | On or near Cromer Gardens |