£94,996
This estimated value is based upon the latest sale price for the house of £74,800 on 9 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 |
|---|---|
| £74,800 | 9 Nov 2017 |
| £67,000 | 2 Mar 2012 |
| £57,000 | 17 May 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 63 sq meters or 678 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 £74,800 results in an estimated price of approximately £94,996.
| 9 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 149.7 | 27.000 % | £74,800 | £20,196 | £94,996 |
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 | -17.028 % | £-12,737 | £62,062 |
| 3 Month Average | -1.558 % | £-1,165 | £73,634 |
| 6 Month Average | 7.705 % | £5,763 | £80,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £131,334 | £128,000 | CARR HILL CLINIC CARR HILL ROAD |
| 27 Oct 2023 | £92,092 | £90,000 | 2 HADRIAN PLACE |
| 13 Oct 2023 | £129,951 | £127,000 | 92 BROADWAY |
| 12 Oct 2023 | £95,161 | £93,000 | 1 PILGRIMSWAY |
| 6 Jun 2023 | £93,881 | £92,000 | 29 BADEN POWELL STREET |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 3 Nov 2011. Using an estimated price of £94,996 means this house is valued at £1,507 per sq meter (£140 per sq foot).
The average size of a house on MILLWAY is 84 sq meters (908 sq feet).
This house is the smallest in the street with a floor area of 63 sq meters (678 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |
| Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jun 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jun 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Sports/Recreation Area |