£309,620
This estimated value is based upon the latest sale price for the house of £82,500 on 16 Jun 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£82,500 | 16 Jun 2000 |
Detached |
Freehold |
Floor Area: 112 sq meters or 1,205 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 2000 the House Price Index for TYNE AND WEAR was 39.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 275.298%.Applying this 275.298% change to the original purchase price of £82,500 results in an estimated price of approximately £309,620.
16 Jun 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
39.6 | 148.6 | 275.298 % | £82,500 | £227,120 | £309,620 |
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 | 82.983 % | £68,461 | £150,961 |
3 Month Average | 174.652 % | £144,087 | £226,587 |
6 Month Average | 178.660 % | £147,394 | £229,894 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Dec 2023 | £76,336 | £75,000 | 22 LINGCREST |
7 Aug 2023 | £327,868 | £325,000 | 68 BLUEBELL CLOSE |
20 Oct 2022 | £76,180 | £77,000 | 15 LINGCREST |
19 Aug 2022 | £251,323 | £252,000 | 17 TAMARISK WAY |
24 Jun 2021 | £236,043 | £220,000 | 39 BLUEBELL CLOSE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 7 Oct 2013. Using an estimated price of £309,621 means this house is valued at £2,764 per sq meter (£256 per sq foot).
The average size of a house on BLUEBELL CLOSE is 98 sq meters (1,059 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bluebell Close |