£140,711
This estimated value is based upon the latest sale price for the house of £58,000 on 14 Mar 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £58,000 | 14 Mar 2003 |
| £15,000 | 24 Sep 1996 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 723 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 March 2003 the House Price Index for TYNE AND WEAR was 61.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 142.606%.Applying this 142.606% change to the original purchase price of £58,000 results in an estimated price of approximately £140,711.
| 14 Mar 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 148.6 | 142.606 % | £58,000 | £82,711 | £140,711 |
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 | 69.503 % | £40,312 | £98,312 |
| 3 Month Average | 115.217 % | £66,825 | £124,825 |
| 6 Month Average | 111.062 % | £64,415 | £122,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £246,000 | £246,000 | 14 STRATFORD GARDENS |
| 6 Nov 2023 | £259,847 | £256,000 | 21 DRYDEN ROAD |
| 25 Aug 2023 | £307,692 | £305,000 | 147 KELLS LANE |
| 27 Jul 2023 | £306,627 | £302,500 | 139 KELLS LANE |
| 21 Jul 2023 | £319,297 | £315,000 | 34 DENEWELL AVENUE |
This house has a floor area of 67 sq meters or 723 sq feet when measured on 13 Jun 2011. Using an estimated price of £140,712 means this house is valued at £2,094 per sq meter (£194 per sq foot).
The average size of a house on KELLS LANE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Kellfield Road |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Beaconsfield Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Beaconsfield Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beaconsfield Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Beaconsfield Road |