£109,389
This estimated value is based upon the latest sale price for the house of £70,250 on 17 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£70,250 | 17 Apr 2014 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 667 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 April 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £70,250 results in an estimated price of approximately £109,389.
17 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 148.6 | 55.714 % | £70,250 | £39,139 | £109,389 |
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 | -43.222 % | £-30,363 | £39,886 |
3 Month Average | 6.681 % | £4,693 | £74,943 |
6 Month Average | 21.697 % | £15,242 | £85,492 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £185,000 | £185,000 | 7 BRANDON CLOSE |
29 Sep 2023 | £169,163 | £167,000 | 58 STEPHENSON WAY |
29 Sep 2023 | £81,036 | £80,000 | 25 LONG GAIR |
25 Sep 2023 | £146,878 | £145,000 | 82 STEPHENSON WAY |
25 Aug 2023 | £136,191 | £135,000 | 32 BUTTERMERE CRESCENT |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 11 Feb 2014. Using an estimated price of £109,389 means this house is valued at £1,764 per sq meter (£163 per sq foot).
The average size of a house on STEPHENSON WAY is 74 sq meters (806 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Stephenson Way |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stephenson Way |
Apr 2024 | Criminal damage and arson | Under investigation | On or near Long Gair |
Jan 2024 | Drugs | Under investigation | On or near Langdale Crescent |
Feb 2024 | Anti-social behaviour | On or near Lyndhurst Close |