£575,091
This estimated value is based upon the latest sale price for the house of £249,950 on 21 Aug 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£249,950 | 21 Aug 2003 |
£155,000 | 29 Sep 2000 |
Flats/Maisonettes |
Leasehold |
Floor Area: 124 sq meters or 1,334 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 August 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £249,950 results in an estimated price of approximately £575,091.
21 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
64.6 | 148.6 | 130.083 % | £249,950 | £325,141 | £575,091 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 272.696 % | £681,604 | £931,554 |
3 Month Average | 98.976 % | £247,391 | £497,341 |
6 Month Average | 130.747 % | £326,802 | £576,752 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Mar 2023 | £161,522 | £160,000 | APARTMENT 21 PRINTWORKS RUTHERFORD STREET |
1 Feb 2023 | £114,673 | £114,750 | APARTMENT 4 PRINTWORKS RUTHERFORD STREET |
18 May 2022 | £165,111 | £162,000 | APARTMENT 18 PRINTWORKS RUTHERFORD STREET |
28 Jan 2022 | £334,666 | £318,000 | APARTMENT 32 PRINTWORKS RUTHERFORD STREET |
30 Nov 2021 | £457,015 | £422,570 | FLAT 33 BLENHEIM HOUSE, 145 - 147 WESTGATE ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 17 Sep 2014. Using an estimated price of £575,092 means this house is valued at £4,637 per sq meter (£430 per sq foot).
The average size of a house on BATH LANE is 74 sq meters (801 sq feet).
This house is the largest in the street with a floor area of 124 sq meters (1,334 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bath Lane |
Mar 2024 | Anti-social behaviour | On or near Bath Lane | |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bath Lane |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Bath Lane |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Bath Lane |