£118,871
This estimated value is based upon the latest sale price for the house of £65,000 on 12 Dec 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£65,000 | 12 Dec 2008 |
£84,900 | 1 Aug 2007 |
£28,500 | 10 Jul 1998 |
Flats/Maisonettes |
Freehold |
Floor Area: 63 sq meters or 679 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 December 2008 the House Price Index for TYNE AND WEAR was 81.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.879%.Applying this 82.879% change to the original purchase price of £65,000 results in an estimated price of approximately £118,871.
12 Dec 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.9 | 149.7 | 82.879 % | £65,000 | £53,871 | £118,871 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 72.549 % | £47,156 | £112,156 |
3 Month Average | 57.747 % | £37,535 | £102,535 |
6 Month Average | 24.569 % | £15,969 | £80,969 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Apr 2023 | £59,615 | £58,500 | 321 HIGH STREET EAST |
3 Feb 2023 | £89,599 | £89,000 | 17 DENE CRESCENT |
2 Aug 2022 | £145,681 | £145,000 | 228 HIGH STREET EAST |
16 Jun 2022 | £80,726 | £79,000 | 29 DENE CRESCENT |
22 Apr 2022 | £56,939 | £54,885 | 29 ASH GROVE |
This house has a floor area of 63 sq meters or 679 sq feet when measured on 3 Jun 2010. Using an estimated price of £118,871 means this house is valued at £1,881 per sq meter (£174 per sq foot).
The average size of a house on HIGH STREET EAST is 67 sq meters (728 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Willow Grove | |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Willow Grove |
Jul 2024 | Anti-social behaviour | On or near Willow Grove | |
Jul 2024 | Shoplifting | Under investigation | On or near Willow Grove |
Jul 2024 | Shoplifting | Under investigation | On or near Willow Grove |