£90,424
This estimated value is based upon the latest sale price for the house of £59,950 on 28 Nov 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 |
---|---|
£59,950 | 28 Nov 2014 |
Flats/Maisonettes |
Leasehold |
Floor Area: 52 sq meters or 559 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £59,950 results in an estimated price of approximately £90,424.
28 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.2 | 149.7 | 50.833 % | £59,950 | £30,474 | £90,424 |
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 | -6.504 % | £-3,899 | £56,050 |
3 Month Average | -4.506 % | £-2,701 | £57,248 |
6 Month Average | -1.484 % | £-889 | £59,060 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2024 | £105,920 | £105,000 | 21 SHERBURN TERRACE |
28 Mar 2024 | £162,497 | £160,000 | GREENSIDE WREKENTON ROW |
8 Nov 2023 | £293,962 | £286,500 | 15 LINDEN WAY |
12 Oct 2023 | £148,370 | £145,000 | 34 WREKENTON ROW |
8 Sep 2023 | £296,537 | £290,000 | 21 THE CEDARS |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 17 Jan 2014. Using an estimated price of £90,424 means this house is valued at £1,738 per sq meter (£161 per sq foot).
The average size of a house on TANFIELD ROAD is 80 sq meters (866 sq feet).
This house is the smallest in the street with a floor area of 52 sq meters (559 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other crime | Under investigation | On or near Tanfield Road |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tanfield Road |
May 2024 | Criminal damage and arson | Under investigation | On or near Tanfield Place |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tanfield Place |
Apr 2024 | Anti-social behaviour | On or near Tanfield Place |