£324,145
This estimated value is based upon the latest sale price for the house of £167,000 on 3 Aug 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £167,000 | 3 Aug 2004 |
| £70,000 | 17 Apr 2003 |
| Terraced |
| 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 August 2004 the House Price Index for TYNE AND WEAR was 77.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 94.099%.Applying this 94.099% change to the original purchase price of £167,000 results in an estimated price of approximately £324,145.
| 3 Aug 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 149.7 | 94.099 % | £167,000 | £157,145 | £324,145 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -22.098 % | £-36,904 | £130,095 |
| 3 Month Average | 15.381 % | £25,686 | £192,686 |
| 6 Month Average | 15.867 % | £26,498 | £193,498 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £176,533 | £175,000 | 62 REDLANDS |
| 7 Dec 2023 | £174,358 | £169,000 | 4 ELLIOTT CLOSE |
| 20 Oct 2023 | £182,137 | £178,000 | 6 THORNTON CLOSE |
| 19 Sep 2023 | £137,021 | £134,000 | 5 DALTON WAY |
| 25 Aug 2023 | £148,631 | £145,950 | 52 WHITEFIELD CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Whitefield Crescent |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elliot Close |
| Jul 2024 | Possession of weapons | Awaiting court outcome | On or near Thirkeld Place |
| Jul 2024 | Other theft | Awaiting court outcome | On or near Thirkeld Place |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Thirkeld Place |