£215,639
This estimated value is based upon the latest sale price for the house of £186,000 on 27 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£186,000 | 27 Nov 2020 |
£157,000 | 7 Jul 2017 |
£151,000 | 22 Sep 2004 |
£54,500 | 15 Nov 1996 |
Semi-Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £186,000 results in an estimated price of approximately £215,639.
27 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £186,000 | £29,639 | £215,639 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -50.329 % | £-93,611 | £92,388 |
3 Month Average | -2.165 % | £-4,027 | £181,972 |
6 Month Average | 11.877 % | £22,090 | £208,090 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £146,564 | £144,000 | 3 CONISTON CRESCENT |
29 Sep 2023 | £169,163 | £167,000 | 58 STEPHENSON WAY |
25 Sep 2023 | £146,878 | £145,000 | 82 STEPHENSON WAY |
25 Aug 2023 | £136,191 | £135,000 | 32 BUTTERMERE CRESCENT |
7 Aug 2023 | £128,121 | £127,000 | 12 GRASMERE CRESCENT |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 22 Mar 2017. Using an estimated price of £215,640 means this house is valued at £2,034 per sq meter (£188 per sq foot).
The average size of a house on STEPHENSON WAY is 74 sq meters (806 sq feet).
This house is the largest in the street with a floor area of 106 sq meters (1,140 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Under investigation | On or near Stephenson Way |
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stephenson Way |
Mar 2024 | Anti-social behaviour | On or near Wasdale Crescent | |
Mar 2024 | Anti-social behaviour | On or near Wasdale Crescent | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Wasdale Crescent |