£361,414
This estimated value is based upon the latest sale price for the house of £225,000 on 25 Apr 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £225,000 | 25 Apr 2007 |
| £225,000 | 1 Jul 2005 |
| £187,000 | 18 Jun 2004 |
| £111,950 | 11 Sep 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 April 2007 the House Price Index for TYNE AND WEAR was 92.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 60.629%.Applying this 60.629% change to the original purchase price of £225,000 results in an estimated price of approximately £361,414.
| 25 Apr 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.5 | 148.6 | 60.629 % | £225,000 | £136,414 | £361,414 |
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 | -12.565 % | £-28,271 | £196,728 |
| 3 Month Average | 25.688 % | £57,799 | £282,799 |
| 6 Month Average | 26.494 % | £59,610 | £284,610 |
| 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 112 sq meters or 1,205 sq feet when measured on 13 Jul 2016. Using an estimated price of £361,415 means this house is valued at £3,226 per sq meter (£299 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 |