£304,463
This estimated value is based upon the latest sale price for the house of £173,000 on 9 Oct 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £173,000 | 9 Oct 2009 |
| £173,000 | 9 Oct 2009 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,020 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 October 2009 the House Price Index for TYNE AND WEAR was 84.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.990%.Applying this 75.990% change to the original purchase price of £173,000 results in an estimated price of approximately £304,463.
| 9 Oct 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 148.6 | 75.990 % | £173,000 | £131,463 | £304,463 |
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 | 5.712 % | £9,881 | £182,881 |
| 3 Month Average | 33.694 % | £58,291 | £231,291 |
| 6 Month Average | 27.767 % | £48,037 | £221,037 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 14 Apr 2023 | £144,051 | £142,500 | 19 STAINTON GARDENS |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
| 24 Feb 2023 | £294,802 | £295,000 | RAVENDALE |
| 20 Jan 2023 | £166,964 | £167,750 | 11 HILLDYKE |
This house has a floor area of 94 sq meters or 1,020 sq feet when measured on 5 Dec 2008. Using an estimated price of £304,463 means this house is valued at £3,211 per sq meter (£298 per sq foot).
The average size of a house on LONG BANK is 120 sq meters (1,297 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wrekenton Row |
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Capstan Lane |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Stanley Gardens |
| Apr 2024 | Robbery | Under investigation | On or near Stanley Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stanley Gardens |