£180,386
This estimated value is based upon the latest sale price for the house of £95,000 on 25 Oct 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 25 Oct 2004 |
| £35,000 | 27 Jun 1997 |
| Semi-Detached |
| 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 October 2004 the House Price Index for TYNE AND WEAR was 78.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 89.881%.Applying this 89.881% change to the original purchase price of £95,000 results in an estimated price of approximately £180,386.
| 25 Oct 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 148.6 | 89.881 % | £95,000 | £85,386 | £180,386 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 47.131 % | £44,774 | £139,774 |
| 3 Month Average | 35.185 % | £33,425 | £128,425 |
| 6 Month Average | 49.341 % | £46,874 | £141,874 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £152,254 | £150,000 | 420 STATION ROAD NORTH |
| 15 Aug 2023 | £149,811 | £148,500 | 454 STATION ROAD NORTH |
| 7 Jul 2023 | £221,988 | £219,000 | 449 STATION ROAD NORTH |
| 23 Jun 2023 | £153,864 | £152,000 | 6 CHICKEN ROAD |
| 16 Jun 2023 | £131,594 | £130,000 | 3 GRACE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beechfield Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beechfield Gardens |
| Apr 2024 | Anti-social behaviour | On or near Strawberry Gardens | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Strawberry Gardens |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Strawberry Gardens |