£246,876
This estimated value is based upon the latest sale price for the house of £239,950 on 17 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £239,950 | 17 Jul 2023 |
| £60,000 | 15 Sep 1998 |
| Semi-Detached |
| Freehold |
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 July 2023 the House Price Index for TYNE AND WEAR was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £239,950 results in an estimated price of approximately £246,876.
| 17 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £239,950 | £6,926 | £246,876 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 168.245 % | £403,702 | £643,652 |
| 3 Month Average | 4.452 % | £10,682 | £250,632 |
| 6 Month Average | 11.914 % | £28,587 | £268,537 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2024 | £185,000 | £185,000 | 5 BURNSIDE CLOSE |
| 26 Apr 2024 | £226,971 | £225,000 | 41 HOLLINSIDE CLOSE |
| 22 Sep 2023 | £238,252 | £233,000 | 10 THATCHER CLOSE |
| 28 Apr 2023 | £229,289 | £225,000 | BURNSIDE COTTAGE BURNS CLOSE |
| 17 Mar 2023 | £274,586 | £270,000 | 33 HOLLINSIDE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Broadway |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Grange Farm Drive |