£331,173
This estimated value is based upon the latest sale price for the house of £92,995 on 2 Jan 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £92,995 | 2 Jan 2001 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 January 2001 the House Price Index for TYNE AND WEAR was 41.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 256.120%.Applying this 256.120% change to the original purchase price of £92,995 results in an estimated price of approximately £331,173.
| 2 Jan 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 41.7 | 148.6 | 256.120 % | £92,995 | £238,178 | £331,173 |
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 | 136.049 % | £126,518 | £219,513 |
| 3 Month Average | 199.225 % | £185,269 | £278,264 |
| 6 Month Average | 190.912 % | £177,538 | £270,533 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £76,336 | £75,000 | 22 LINGCREST |
| 7 Aug 2023 | £327,868 | £325,000 | 68 BLUEBELL CLOSE |
| 20 Oct 2022 | £76,180 | £77,000 | 15 LINGCREST |
| 19 Aug 2022 | £251,323 | £252,000 | 17 TAMARISK WAY |
| 24 Jun 2021 | £236,043 | £220,000 | 39 BLUEBELL CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 12 Mar 2014. Using an estimated price of £331,174 means this house is valued at £3,679 per sq meter (£341 per sq foot).
The average size of a house on BLUEBELL CLOSE is 98 sq meters (1,059 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bluebell Close |