£218,559
This estimated value is based upon the latest sale price for the house of £165,000 on 26 Oct 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 |
|---|---|
| £165,000 | 26 Oct 2016 |
| £59,950 | 27 Aug 1999 |
| £50,450 | 27 Mar 1997 |
| Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £165,000 results in an estimated price of approximately £218,559.
| 26 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £165,000 | £53,559 | £218,559 |
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 | 7.931 % | £13,085 | £178,085 |
| 3 Month Average | 27.344 % | £45,117 | £210,117 |
| 6 Month Average | 21.526 % | £35,517 | £200,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £172,734 | £170,525 | 11 EVENWOOD GARDENS |
| 10 Jul 2023 | £152,046 | £150,000 | 6 CONISTON GARDENS |
| 20 Feb 2023 | £169,886 | £170,000 | 32 CONISTON GARDENS |
| 13 Feb 2023 | £189,872 | £190,000 | 38 SOUTHEND ROAD |
| 28 Oct 2022 | £119,216 | £120,500 | 15 SOUTHEND ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 23 Aug 2012. Using an estimated price of £218,560 means this house is valued at £3,415 per sq meter (£317 per sq foot).
The average size of a house on SOUTHEND ROAD is 86 sq meters (930 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Coniston Gardens |