£129,540
This estimated value is based upon the latest sale price for the house of £102,000 on 3 Nov 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 |
|---|---|
| £102,000 | 3 Nov 2017 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £102,000 results in an estimated price of approximately £129,540.
| 3 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £102,000 | £27,540 | £129,540 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 5.378 % | £5,485 | £107,485 |
| 3 Month Average | 17.879 % | £18,236 | £120,236 |
| 6 Month Average | -10.483 % | £-10,692 | £91,307 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £235,990 | £230,000 | 189 VICTORIA ROAD WEST |
| 21 Jun 2023 | £183,681 | £180,000 | 41 LAMBLEY CRESCENT |
| 14 Mar 2023 | £172,887 | £170,000 | 28 LAMBLEY CRESCENT |
| 19 Jan 2023 | £115,308 | £115,000 | 13 LAMBLEY CRESCENT |
| 3 Oct 2022 | £107,142 | £107,500 | 8 PRENDWICK COURT |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 31 May 2016. Using an estimated price of £129,540 means this house is valued at £1,542 per sq meter (£143 per sq foot).
There is one other house on the street which we know the size of, this is 5 PRENDWICK COURT it is 82.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Prendwick Avenue |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Birtwistle Avenue |
| Jul 2024 | Drugs | Under investigation | On or near Birtwistle Avenue |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birtwistle Avenue |
| May 2024 | Violence and sexual offences | Under investigation | On or near Lambley Crescent |