£249,110
This estimated value is based upon the latest sale price for the house of £145,000 on 30 May 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 |
---|---|
£145,000 | 30 May 2012 |
£72,000 | 4 Aug 2000 |
Semi-Detached |
Freehold |
Floor Area: 131 sq meters or 1,410 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 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.800%.Applying this 71.800% change to the original purchase price of £145,000 results in an estimated price of approximately £249,110.
30 May 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.1 | 149.7 | 71.800 % | £145,000 | £104,110 | £249,110 |
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 | -9.498 % | £-13,771 | £131,228 |
3 Month Average | 33.194 % | £48,130 | £193,130 |
6 Month Average | 39.316 % | £57,007 | £202,007 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £336,543 | £328,000 | 29 SELKIRK WAY |
27 Nov 2023 | £66,693 | £65,000 | 22 MOOR PARK ROAD |
20 Oct 2023 | £211,811 | £207,000 | 7 RENFREW CLOSE |
22 Sep 2023 | £245,359 | £239,950 | 35 MOOR CLOSE |
18 Aug 2023 | £264,775 | £260,000 | 6 ELGIN CLOSE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 6 May 2015. Using an estimated price of £249,110 means this house is valued at £1,901 per sq meter (£176 per sq foot).
The average size of a house on BURWOOD ROAD is 92 sq meters (999 sq feet).
This house is the largest in the street with a floor area of 131 sq meters (1,410 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Burwood Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Moffat Close |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Moor Park Road |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close | |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close |