£340,252
This estimated value is based upon the latest sale price for the house of £214,000 on 23 May 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £214,000 | 23 May 2008 |
| £118,450 | 27 Sep 2002 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 May 2008 the House Price Index for TYNE AND WEAR was 93.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.996%.Applying this 58.996% change to the original purchase price of £214,000 results in an estimated price of approximately £340,252.
| 23 May 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 148.6 | 58.996 % | £214,000 | £126,252 | £340,252 |
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 | -7.868 % | £-16,836 | £197,163 |
| 3 Month Average | 23.956 % | £51,265 | £265,265 |
| 6 Month Average | 15.102 % | £32,318 | £246,318 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £191,807 | £190,000 | 44 MEADOW RISE |
| 5 May 2022 | £264,993 | £260,000 | 30 MEADOW RISE |
| 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 105 sq meters or 1,130 sq feet when measured on 21 Jul 2016. Using an estimated price of £340,252 means this house is valued at £3,240 per sq meter (£301 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 | Under investigation | On or near Hedgehope |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hedgehope |