£108,353
This estimated value is based upon the latest sale price for the house of £80,000 on 29 Apr 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 |
|---|---|
| £80,000 | 29 Apr 2016 |
| £72,000 | 10 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 634 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £80,000 results in an estimated price of approximately £108,353.
| 29 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £80,000 | £28,353 | £108,353 |
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 | -8.325 % | £-6,660 | £73,339 |
| 3 Month Average | 23.958 % | £19,166 | £99,166 |
| 6 Month Average | 15.645 % | £12,515 | £92,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £157,329 | £155,000 | 5 OAKWOOD CLOSE |
| 16 Nov 2023 | £206,051 | £203,000 | 6 FELL ROAD |
| 10 Nov 2023 | £86,277 | £85,000 | 7 FERNDALE TERRACE |
| 10 Nov 2023 | £152,203 | £149,950 | 5 LISMORE TERRACE |
| 2 Nov 2023 | £160,374 | £158,000 | 5 FELL PLACE |
This house has a floor area of 58 sq meters or 634 sq feet when measured on 2 Feb 2012. Using an estimated price of £108,353 means this house is valued at £1,837 per sq meter (£170 per sq foot).
The average size of a house on FELL PLACE is 89 sq meters (965 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (634 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Under investigation | On or near Oakwood Close |
| Feb 2024 | Shoplifting | Under investigation | On or near Oakwood Close |
| Apr 2024 | Other crime | Under investigation | On or near Fell Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fell Road |
| Apr 2024 | Anti-social behaviour | On or near Uplands Way |