£265,944
This estimated value is based upon the latest sale price for the house of £143,000 on 10 Jun 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£143,000 | 10 Jun 2005 |
£143,000 | 10 Jun 2005 |
£55,000 | 7 Dec 2000 |
£55,000 | 7 Dec 2000 |
Semi-Detached |
Leasehold |
Floor Area: 85 sq meters or 920 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 June 2005 the House Price Index for TYNE AND WEAR was 80.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.975%.Applying this 85.975% change to the original purchase price of £143,000 results in an estimated price of approximately £265,944.
10 Jun 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.5 | 149.7 | 85.975 % | £143,000 | £122,944 | £265,944 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -0.017 % | £-24 | £142,975 |
3 Month Average | 54.120 % | £77,391 | £220,391 |
6 Month Average | 56.498 % | £80,791 | £223,791 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Mar 2024 | £164,528 | £162,000 | 117 NORTHUMBRIAN WAY |
1 Mar 2024 | £221,402 | £218,000 | 58 LOCOMOTION WAY |
8 Dec 2023 | £98,012 | £95,000 | 50 NORTHUMBRIAN WAY |
16 Jun 2023 | £140,822 | £138,000 | 95 NORTHUMBRIAN WAY |
18 Jan 2023 | £158,423 | £158,000 | 122 NORTHUMBRIAN WAY |
This house has a floor area of 85 sq meters or 920 sq feet when measured on 4 Jan 2012. Using an estimated price of £265,944 means this house is valued at £3,110 per sq meter (£288 per sq foot).
The average size of a house on LOCOMOTION WAY is 98 sq meters (1,059 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Locomotion Way | |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Locomotion Way |
Jun 2024 | Anti-social behaviour | On or near Locomotion Way | |
Jun 2024 | Anti-social behaviour | On or near Locomotion Way | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Locomotion Way |