£141,732
This estimated value is based upon the latest sale price for the house of £83,500 on 30 Apr 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £83,500 | 30 Apr 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2010 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.740%.Applying this 69.740% change to the original purchase price of £83,500 results in an estimated price of approximately £141,732.
| 30 Apr 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.740 % | £83,500 | £58,232 | £141,732 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -46.604 % | £-38,914 | £44,585 |
| 3 Month Average | -0.864 % | £-721 | £82,778 |
| 6 Month Average | 13.916 % | £11,619 | £95,119 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £137,029 | £135,000 | 33 MORVEN LEA |
| 10 Nov 2023 | £106,578 | £105,000 | 136 DENTON VIEW |
| 3 Nov 2023 | £203,005 | £200,000 | 37 HEDDON VIEW |
| 15 Sep 2023 | £111,425 | £110,000 | 13 TWIZELL AVENUE |
| 7 Jun 2023 | £118,435 | £117,000 | 49 MORVEN LEA |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 4 Feb 2015. Using an estimated price of £141,733 means this house is valued at £1,687 per sq meter (£156 per sq foot).
The average size of a house on TYNEBANK is 98 sq meters (1,064 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Westway |
| Apr 2024 | Anti-social behaviour | On or near Back Lane | |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Back Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Back Lane |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Back Lane |