£217,803
This estimated value is based upon the latest sale price for the house of £203,000 on 30 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £203,000 | 30 Jun 2021 |
| £180,000 | 30 Sep 2005 |
| £96,950 | 27 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,070 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £203,000 results in an estimated price of approximately £217,803.
| 30 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £203,000 | £14,803 | £217,803 |
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 | -25.958 % | £-52,694 | £150,305 |
| 3 Month Average | -3.306 % | £-6,711 | £196,288 |
| 6 Month Average | -10.034 % | £-20,369 | £182,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £191,807 | £190,000 | 44 MEADOW RISE |
| 19 Aug 2022 | £251,323 | £252,000 | 17 TAMARISK WAY |
| 11 Mar 2022 | £336,785 | £325,000 | 49 TAMARISK WAY |
| 2 Mar 2022 | £187,563 | £181,000 | 25 MEADOW RISE |
| 14 Feb 2022 | £191,911 | £183,000 | 13 TAMARISK WAY |
This house has a floor area of 99 sq meters or 1,070 sq feet when measured on 15 Oct 2008. Using an estimated price of £217,804 means this house is valued at £2,190 per sq meter (£203 per sq foot).
The average size of a house on MEADOW RISE is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Crossfield Park |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Crossfield Park |
| Mar 2024 | Possession of weapons | Under investigation | On or near Crossfield Park |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bluebell Close |
| Apr 2024 | Anti-social behaviour | On or near Kane Gardens |