£273,244
This estimated value is based upon the latest sale price for the house of £59,000 on 2 Oct 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £59,000 | 2 Oct 1998 |
| £52,000 | 7 Apr 1997 |
| Semi-Detached |
| Leasehold |
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 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.127%.Applying this 363.127% change to the original purchase price of £59,000 results in an estimated price of approximately £273,244.
| 2 Oct 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.127 % | £59,000 | £214,244 | £273,244 |
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 | 141.242 % | £83,332 | £142,332 |
| 3 Month Average | 215.462 % | £127,122 | £186,122 |
| 6 Month Average | 216.909 % | £127,976 | £186,976 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £207,124 | £203,500 | 1 LYNDHOLME BEACON LOUGH ROAD |
| 24 Nov 2023 | £142,104 | £140,000 | 8 LONGSTONE PIMLICO COURT |
| 9 Nov 2023 | £294,358 | £290,000 | 10 ORCHARD GARDENS |
| 7 Jul 2023 | £112,514 | £111,000 | 50 ISLESTONE |
| 23 Feb 2023 | £249,832 | £250,000 | 36 HOME AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Cherrytree Gardens |
| Feb 2024 | Public order | Under investigation | On or near Wesley Street |