£116,543
This estimated value is based upon the latest sale price for the house of £31,500 on 22 Sep 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£31,500 | 22 Sep 2000 |
£23,000 | 29 Nov 1996 |
Flats/Maisonettes |
Leasehold |
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 September 2000 the House Price Index for TYNE AND WEAR was 40.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 269.980%.Applying this 269.980% change to the original purchase price of £31,500 results in an estimated price of approximately £116,543.
22 Sep 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
40.5 | 149.7 | 269.980 % | £31,500 | £85,043 | £116,543 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -50.658 % | £-15,957 | £15,542 |
3 Month Average | 59.492 % | £18,740 | £50,240 |
6 Month Average | 73.156 % | £23,044 | £54,544 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £77,675 | £77,000 | 76 LINGMELL |
9 Apr 2024 | £82,214 | £81,500 | 50 GRIZEDALE |
8 Dec 2023 | £72,219 | £70,000 | 10 LINGMELL |
14 Sep 2023 | £86,916 | £85,000 | 55 GRIZEDALE |
11 Aug 2023 | £208,765 | £205,000 | 43 LINGMELL |
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Lingmell | |
Jul 2024 | Other crime | Investigation complete; no suspect identified | On or near Lingmell |
Jul 2024 | Robbery | Investigation complete; no suspect identified | On or near Lingmell |
Jun 2024 | Other theft | Under investigation | On or near Lingmell |
Apr 2024 | Other theft | Under investigation | On or near Lingmell |