£141,422
This estimated value is based upon the latest sale price for the house of £75,000 on 13 Dec 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 13 Dec 2004 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 December 2004 the House Price Index for TYNE AND WEAR was 78.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.564%.Applying this 88.564% change to the original purchase price of £75,000 results in an estimated price of approximately £141,422.
| 13 Dec 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 148.6 | 88.564 % | £75,000 | £66,422 | £141,422 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -24.507 % | £-18,379 | £56,620 |
| 3 Month Average | 8.571 % | £6,428 | £81,428 |
| 6 Month Average | 41.085 % | £30,813 | £105,813 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £159,796 | £157,000 | 96 WEST AVENUE |
| 8 Nov 2023 | £86,277 | £85,000 | 85 FAIRSPRING |
| 4 Aug 2023 | £102,900 | £102,000 | 2 FAIRSPRING |
| 10 Jul 2023 | £105,419 | £104,000 | 71 FORDMOSS WALK |
| 7 Jul 2023 | £116,569 | £115,000 | 8 FAIRSPRING |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 9 Jul 2018. Using an estimated price of £141,423 means this house is valued at £1,589 per sq meter (£147 per sq foot).
The average size of a house on FENTON WALK is 110 sq meters (1,190 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fourstones |
| Apr 2024 | Anti-social behaviour | On or near Fourstones | |
| Apr 2024 | Anti-social behaviour | On or near Fourstones | |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fourstones |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Fourstones |