£1,015,498
This estimated value is based upon the latest sale price for the house of £550,000 on 4 Feb 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 |
---|---|
£550,000 | 4 Feb 2009 |
Semi-Detached |
Freehold |
Floor Area: 319 sq meters or 3,433 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 February 2009 the House Price Index for TYNE AND WEAR was 80.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.636%.Applying this 84.636% change to the original purchase price of £550,000 results in an estimated price of approximately £1,015,498.
4 Feb 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.5 | 148.6 | 84.636 % | £550,000 | £465,498 | £1,015,498 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -3.070 % | £-16,884 | £533,115 |
3 Month Average | 21.412 % | £117,763 | £667,763 |
6 Month Average | 47.349 % | £260,416 | £810,416 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Nov 2023 | £634,392 | £625,000 | 39 PRESTON WOOD |
14 Aug 2023 | £190,668 | £189,000 | 10 PRESTON SQUARE |
11 Aug 2023 | £630,516 | £625,000 | 55 PRESTON WOOD |
1 Aug 2023 | £141,236 | £140,000 | 21 BISHOPBOURNE COURT |
21 Jul 2023 | £577,776 | £570,000 | 21 PRESTON WOOD |
This house has a floor area of 319 sq meters or 3,433 sq feet when measured on 19 Jun 2019. Using an estimated price of £1,015,498 means this house is valued at £3,183 per sq meter (£295 per sq foot).
There is one other house on the street which we know the size of, this is GARDEN HOUSE PRESTON NORTH ROAD it is 363.0
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Preston Wood |
Mar 2024 | Anti-social behaviour | On or near Hartburn Road | |
Mar 2024 | Anti-social behaviour | On or near Supermarket | |
Mar 2024 | Anti-social behaviour | On or near Supermarket | |
Mar 2024 | Anti-social behaviour | On or near Supermarket |