£44,055
This estimated value is based upon the latest sale price for the house of £38,000 on 10 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£38,000 | 10 Nov 2020 |
£45,000 | 6 Jan 2017 |
£47,000 | 29 Nov 2013 |
£45,500 | 7 Oct 2010 |
£10,000 | 22 Dec 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 35 sq meters or 376 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £38,000 results in an estimated price of approximately £44,055.
10 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 148.6 | 15.935 % | £38,000 | £6,055 | £44,055 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -38.141 % | £-14,493 | £23,506 |
3 Month Average | -14.583 % | £-5,541 | £32,458 |
6 Month Average | 1.703 % | £647 | £38,647 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Nov 2023 | £111,653 | £110,000 | 32 BARONESS DRIVE |
7 Jul 2023 | £157,115 | £155,000 | 564 WEST ROAD |
4 Jul 2023 | £40,546 | £40,000 | 24 DENTON COURT SILVER LONNEN |
1 Mar 2023 | £90,856 | £90,000 | 271 SILVER LONNEN |
1 Aug 2022 | £194,477 | £195,000 | 274 SILVER LONNEN |
This house has a floor area of 35 sq meters or 376 sq feet when measured on 24 Apr 2015. Using an estimated price of £44,055 means this house is valued at £1,258 per sq meter (£116 per sq foot).
The average size of a house on SILVER LONNEN is 72 sq meters (782 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Petrol Station |