£373,396
This estimated value is based upon the latest sale price for the house of £97,995 on 23 May 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Meadow Rise
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| Price Paid | Date |
|---|---|
| £97,995 | 23 May 2000 |
| Detached |
| Freehold |
| Floor Area: 105 sq meters or 1,130 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 May 2000 the House Price Index for TYNE AND WEAR was 39.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 281.036%.Applying this 281.036% change to the original purchase price of £97,995 results in an estimated price of approximately £373,396.
| 23 May 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 149.7 | 281.036 % | £97,995 | £275,401 | £373,396 |
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 | 146.432 % | £143,495 | £241,490 |
| 3 Month Average | 161.529 % | £158,290 | £256,285 |
| 6 Month Average | 163.109 % | £159,839 | £257,834 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £86,500 | £86,500 | 1 FERNLOUGH |
| 31 Oct 2023 | £286,507 | £280,000 | 12 BLUEBELL CLOSE |
| 25 Jan 2023 | £100,268 | £100,000 | 40 FERNLOUGH |
| 23 Aug 2022 | £91,428 | £91,000 | 5 FERNLOUGH |
| 19 Aug 2022 | £253,184 | £252,000 | 17 TAMARISK WAY |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 28 Apr 2014. Using an estimated price of £373,396 means this house is valued at £3,556 per sq meter (£330 per sq foot).
The average size of a house on BLUEBELL CLOSE is 98 sq meters (1,059 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Under investigation | On or near Meadow Rise |