£339,958
This estimated value is based upon the latest sale price for the house of £222,500 on 4 Jul 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £222,500 | 4 Jul 2014 |
| £240,000 | 28 Feb 2007 |
| £140,000 | 3 Feb 2006 |
| Terraced |
| Freehold |
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 July 2014 the House Price Index for TYNE AND WEAR was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £222,500 results in an estimated price of approximately £339,958.
| 4 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £222,500 | £117,458 | £339,958 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 51.099 % | £113,695 | £336,195 |
| 3 Month Average | 50.785 % | £112,996 | £335,496 |
| 6 Month Average | 49.446 % | £110,016 | £332,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £127,226 | £125,000 | 30 STATION ROAD |
| 3 Nov 2023 | £101,503 | £100,000 | 24 STATION ROAD |
| 14 Jul 2023 | £48,211 | £47,562 | 25 STATION ROAD |
| 2 Jun 2023 | £149,815 | £148,000 | 23 STATION ROAD |
| 27 Feb 2023 | £499,664 | £500,000 | 11 CLARENCE CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Station Road | |
| Feb 2024 | Anti-social behaviour | On or near Station Road | |
| Feb 2024 | Anti-social behaviour | On or near Station Road | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Station Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Station Road |