£231,601
This estimated value is based upon the latest sale price for the house of £145,000 on 13 Jan 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 13 Jan 2014 |
| £86,500 | 30 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 January 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £145,000 results in an estimated price of approximately £231,601.
| 13 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £145,000 | £86,601 | £231,601 |
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 | -4.922 % | £-7,136 | £137,863 |
| 3 Month Average | 22.295 % | £32,327 | £177,327 |
| 6 Month Average | 19.475 % | £28,238 | £173,238 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £98,865 | £98,000 | 9 BLACKLOCK CLOSE |
| 27 Feb 2023 | £133,920 | £134,010 | 4 BEACON RISE |
| 15 Feb 2023 | £82,944 | £83,000 | 19 BLACKLOCK CLOSE |
| 9 Sep 2022 | £82,335 | £83,000 | 28 BLACKLOCK CLOSE |
| 27 May 2022 | £267,032 | £262,000 | 8 LAVENDER ROW |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 4 Jun 2013. Using an estimated price of £231,602 means this house is valued at £3,456 per sq meter (£321 per sq foot).
The average size of a house on LAVENDER ROW is 125 sq meters (1,354 sq feet).
This house is the smallest in the street with a floor area of 67 sq meters (721 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Blacklock Court | |
| Feb 2024 | Public order | Under investigation | On or near Blacklock Court |
| Feb 2024 | Anti-social behaviour | On or near Blacklock Court | |
| Feb 2024 | Anti-social behaviour | On or near Blacklock Court | |
| Feb 2024 | Anti-social behaviour | On or near Blacklock Court |