£265,479
This estimated value is based upon the latest sale price for the house of £85,000 on 17 Jan 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£85,000 | 17 Jan 2002 |
Flats/Maisonettes |
Freehold |
Floor Area: 115 sq meters or 1,237 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 2002 the House Price Index for TYNE AND WEAR was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £85,000 results in an estimated price of approximately £265,479.
17 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
47.6 | 148.6 | 212.329 % | £85,000 | £180,479 | £265,479 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 160.670 % | £136,569 | £221,569 |
3 Month Average | 121.913 % | £103,626 | £188,626 |
6 Month Average | 112.897 % | £95,962 | £180,962 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Dec 2023 | £223,918 | £220,000 | 36 FORSYTH ROAD |
17 Apr 2023 | £272,939 | £270,000 | 74 FAIRFIELD ROAD |
12 Jul 2021 | £247,092 | £215,000 | 28 FORSYTH ROAD |
21 May 2021 | £185,326 | £164,000 | 68 FAIRFIELD ROAD |
4 Sep 2020 | £219,962 | £185,250 | 64 FORSYTH ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 9 Mar 2018. Using an estimated price of £265,480 means this house is valued at £2,308 per sq meter (£214 per sq foot).
The average size of a house on FAIRFIELD ROAD is 85 sq meters (915 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Fairfield Road |
Jan 2024 | Anti-social behaviour | On or near Fairfield Road | |
Jan 2024 | Anti-social behaviour | On or near Fairfield Road | |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairfield Road |
Jan 2024 | Anti-social behaviour | On or near Fairfield Road |