£163,996
This estimated value is based upon the latest sale price for the house of £129,950 on 30 Oct 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£129,950 | 30 Oct 2017 |
£147,500 | 17 Dec 2009 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 948 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 2017 the House Price Index for TYNE AND WEAR was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £129,950 results in an estimated price of approximately £163,996.
30 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 148.6 | 26.200 % | £129,950 | £34,046 | £163,996 |
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 | -10.927 % | £-14,199 | £115,750 |
3 Month Average | 15.538 % | £20,191 | £150,141 |
6 Month Average | 22.710 % | £29,511 | £159,461 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £125,356 | £123,500 | 11 PROSPECT TERRACE |
29 Sep 2023 | £182,331 | £180,000 | 61 THOMAS STREET |
25 Aug 2023 | £252,156 | £249,950 | 19 THOMAS STREET |
14 Jul 2023 | £202,678 | £199,950 | 47 SANDY LANE |
6 Jun 2023 | £221,685 | £219,000 | 53 SANDY LANE |
This house has a floor area of 88 sq meters or 948 sq feet when measured on 20 Apr 2011. Using an estimated price of £163,997 means this house is valued at £1,861 per sq meter (£172 per sq foot).
The average size of a house on SANDY LANE is 92 sq meters (997 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | 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 | Public order | Investigation complete; no suspect identified | On or near Thomas Street |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thomas Street |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Thomas Street |