£117,241
This estimated value is based upon the latest sale price for the house of £108,000 on 22 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,000 | 22 Sep 2021 |
£95,000 | 31 Oct 2012 |
£100,000 | 29 Jul 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 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £108,000 results in an estimated price of approximately £117,241.
22 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 149.7 | 8.557 % | £108,000 | £9,241 | £117,241 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 4.647 % | £5,018 | £113,018 |
3 Month Average | 20.599 % | £22,246 | £130,246 |
6 Month Average | -1.660 % | £-1,792 | £106,207 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £153,907 | £150,000 | FLAT 29 WOODLAND MEWS REID PARK ROAD |
5 Sep 2023 | £66,465 | £65,000 | FLAT 25 WOODLAND MEWS REID PARK ROAD |
12 Apr 2023 | £91,715 | £90,000 | FLAT 17 WOODLAND MEWS REID PARK ROAD |
29 Mar 2023 | £508,492 | £500,000 | 51 QUEENS TERRACE |
3 Feb 2023 | £437,925 | £435,000 | FLAT 7 RANNOCH HOUSE, 10 LINDISFARNE ROAD |
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Other theft | Under investigation | On or near The Grove |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lindisfarne Road |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Sycamore Close |
Jul 2024 | Public order | Under investigation | On or near Sycamore Close |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Sycamore Close |