£91,729
This estimated value is based upon the latest sale price for the house of £53,750 on 12 Jul 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £53,750 | 12 Jul 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 62 sq meters or 672 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 July 2010 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.659%.Applying this 70.659% change to the original purchase price of £53,750 results in an estimated price of approximately £91,729.
| 12 Jul 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 149.7 | 70.659 % | £53,750 | £37,979 | £91,729 |
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 | -7.308 % | £-3,928 | £49,821 |
| 3 Month Average | 19.206 % | £10,323 | £64,073 |
| 6 Month Average | 33.481 % | £17,995 | £71,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £260,926 | £255,000 | 2 LANGLEY ROAD |
| 25 Aug 2023 | £190,944 | £187,500 | 2 SURREY ROAD |
| 29 Apr 2022 | £193,998 | £187,000 | 6 LANGLEY ROAD |
| 1 Mar 2022 | £203,567 | £195,000 | 43 BOLINGBROKE ROAD |
| 16 Feb 2022 | £77,121 | £73,000 | 13 ORLANDO ROAD |
This house has a floor area of 62 sq meters or 672 sq feet when measured on 29 Jan 2010. Using an estimated price of £91,729 means this house is valued at £1,468 per sq meter (£136 per sq foot).
The average size of a house on LANGLEY ROAD is 81 sq meters (873 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Orlando Road |
| May 2024 | Anti-social behaviour | On or near Orlando Road | |
| May 2024 | Anti-social behaviour | On or near Orlando Road | |
| May 2024 | Anti-social behaviour | On or near Orlando Road | |
| May 2024 | Anti-social behaviour | On or near Orlando Road |