£98,752
This estimated value is based upon the latest sale price for the house of £74,950 on 18 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£74,950 | 18 Nov 2016 |
Semi-Detached |
Leasehold |
Floor Area: 68 sq meters or 731 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 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £74,950 results in an estimated price of approximately £98,752.
18 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.8 | 148.6 | 31.758 % | £74,950 | £23,802 | £98,752 |
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 | -44.820 % | £-33,592 | £41,357 |
3 Month Average | 7.518 % | £5,634 | £80,584 |
6 Month Average | 17.994 % | £13,486 | £88,436 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £185,000 | £185,000 | 7 BRANDON CLOSE |
8 Dec 2023 | £148,600 | £146,000 | 60 LONG GAIR |
29 Sep 2023 | £169,163 | £167,000 | 58 STEPHENSON WAY |
29 Sep 2023 | £81,036 | £80,000 | 25 LONG GAIR |
17 Feb 2023 | £324,781 | £325,000 | THORNLEY HOUSE LONG GAIR |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Jun 2016. Using an estimated price of £98,752 means this house is valued at £1,452 per sq meter (£134 per sq foot).
The average size of a house on LONG GAIR is 74 sq meters (799 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Long Gair |
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 |
Jan 2024 | Drugs | Under investigation | On or near Langdale Crescent |
Mar 2024 | Public order | Under investigation | On or near Coldstream Drive |