£279,906
This estimated value is based upon the latest sale price for the house of £160,000 on 30 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£160,000 | 30 Jun 2006 |
£59,000 | 24 Jun 1999 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 955 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.941%.Applying this 74.941% change to the original purchase price of £160,000 results in an estimated price of approximately £279,906.
30 Jun 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.6 | 149.7 | 74.941 % | £160,000 | £119,906 | £279,906 |
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 | -5.456 % | £-8,729 | £151,270 |
3 Month Average | 9.148 % | £14,637 | £174,637 |
6 Month Average | 15.790 % | £25,263 | £185,263 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £191,664 | £190,000 | 4 RED LION BUILDINGS |
14 Mar 2024 | £152,290 | £149,950 | 44 SANDY LANE |
3 Nov 2023 | £126,717 | £123,500 | 11 PROSPECT TERRACE |
29 Sep 2023 | £184,057 | £180,000 | 61 THOMAS STREET |
25 Aug 2023 | £254,541 | £249,950 | 19 THOMAS STREET |
This house has a floor area of 88 sq meters or 955 sq feet when measured on 27 Jan 2012. Using an estimated price of £279,906 means this house is valued at £3,153 per sq meter (£293 per sq foot).
The average size of a house on SANDY LANE is 92 sq meters (997 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sandy Lane |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sandy Lane |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Sandy Lane |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sandy Lane |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Thomas Street |