£250,720
This estimated value is based upon the latest sale price for the house of £52,000 on 30 Jan 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £52,000 | 30 Jan 1998 |
| Flats/Maisonettes |
| Leasehold |
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 January 1998 the House Price Index for TYNE AND WEAR was 30.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 382.155%.Applying this 382.155% change to the original purchase price of £52,000 results in an estimated price of approximately £250,720.
| 30 Jan 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.8 | 148.6 | 382.155 % | £52,000 | £198,720 | £250,720 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 148.880 % | £77,417 | £129,417 |
| 3 Month Average | 238.523 % | £124,032 | £176,032 |
| 6 Month Average | 241.769 % | £125,720 | £177,720 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £142,104 | £140,000 | 8 LONGSTONE PIMLICO COURT |
| 6 Nov 2023 | £122,818 | £121,000 | 2 RICHMOND COURT |
| 28 Jul 2023 | £99,337 | £98,000 | 5 RICHMOND COURT |
| 3 Apr 2023 | £114,230 | £113,000 | 27 RICHMOND COURT |
| 10 Feb 2023 | £47,468 | £47,500 | 12 ROBINSWOOD A.P.U. ENGINE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Engine Lane |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Albert Place |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Albert Place |
| Apr 2024 | Vehicle crime | Under investigation | On or near Home Avenue |
| Apr 2024 | Other crime | Under investigation | On or near Wesley Street |