£261,219
This estimated value is based upon the latest sale price for the house of £143,000 on 9 Sep 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£143,000 | 9 Sep 2005 |
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 September 2005 the House Price Index for TYNE AND WEAR was 81.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.671%.Applying this 82.671% change to the original purchase price of £143,000 results in an estimated price of approximately £261,219.
9 Sep 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.3 | 148.6 | 82.671 % | £143,000 | £118,219 | £261,219 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -5.432 % | £-7,768 | £135,231 |
3 Month Average | 13.047 % | £18,657 | £161,657 |
6 Month Average | 19.724 % | £28,205 | £171,205 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Jul 2023 | £185,497 | £183,000 | 9 CHRISTMAS PLACE |
24 Mar 2023 | £162,026 | £160,500 | 40 THE GRAINGER NORTH WEST SIDE |
10 Feb 2023 | £129,913 | £130,000 | 14 DECEMBER COURTYARD CHRISTMAS PLACE |
23 Jan 2023 | £169,203 | £170,000 | 7 NOVEMBER COURTYARD FALL PASS |
7 Jul 2022 | £110,297 | £110,000 | 22 DECEMBER COURTYARD CHRISTMAS PLACE |
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Drugs | Under investigation | On or near North West Side |
Jan 2024 | Vehicle crime | Under investigation | On or near North West Side |