£77,703
This estimated value is based upon the latest sale price for the house of £45,500 on 7 Jan 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £45,500 | 7 Jan 2013 |
| Flats/Maisonettes |
| Leasehold |
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 January 2013 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.776%.Applying this 70.776% change to the original purchase price of £45,500 results in an estimated price of approximately £77,703.
| 7 Jan 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 149.7 | 70.776 % | £45,500 | £32,203 | £77,703 |
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 | 0.119 % | £54 | £45,554 |
| 3 Month Average | 7.579 % | £3,448 | £48,948 |
| 6 Month Average | 16.044 % | £7,299 | £52,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £124,151 | £121,000 | 2 RICHMOND COURT |
| 3 Nov 2023 | £200,079 | £195,000 | 5 THE WAREHOUSE WELL LANE |
| 3 Apr 2023 | £115,154 | £113,000 | 27 RICHMOND COURT |
| 30 Mar 2023 | £96,613 | £95,000 | 40 FORSTER COURT |
| 17 Mar 2023 | £106,783 | £105,000 | 21 FORSTER COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Engine Lane |
| May 2024 | Violence and sexual offences | Under investigation | On or near Engine Lane |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Engine Lane |
| Apr 2024 | Other theft | Under investigation | On or near Engine Lane |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sports/Recreation Area |