£1,814,859
This estimated value is based upon the latest sale price for the house of £1,400,000 on 2 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £1,400,000 | 2 May 2017 |
| 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £1,400,000 results in an estimated price of approximately £1,814,859.
| 2 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £1,400,000 | £414,859 | £1,814,859 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 16.565 % | £231,914 | £1,631,914 |
| 3 Month Average | 27.503 % | £385,044 | £1,785,044 |
| 6 Month Average | 17.617 % | £246,631 | £1,646,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £314,669 | £305,000 | 6A FERNWOOD ROAD |
| 17 Nov 2023 | £283,188 | £276,000 | FLAT 2 1 FERNWOOD ROAD |
| 10 Nov 2023 | £170,324 | £166,000 | 81 JESMOND ROAD |
| 22 Sep 2023 | £209,621 | £205,000 | FLAT 6 4 OSBORNE TERRACE |
| 25 Aug 2023 | £274,959 | £270,000 | FLAT B 85 JESMOND ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near B1600 | |
| Jun 2024 | Other theft | Awaiting court outcome | On or near Portland Terrace |
| May 2024 | Criminal damage and arson | Under investigation | On or near Portland Terrace |