£419,384
This estimated value is based upon the latest sale price for the house of £340,000 on 2 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £340,000 | 2 Feb 2018 |
| £83,500 | 1 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.348%.Applying this 23.348% change to the original purchase price of £340,000 results in an estimated price of approximately £419,384.
| 2 Feb 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 146.7 | 23.348 % | £340,000 | £79,384 | £419,384 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -1.973 % | £-6,706 | £333,293 |
| 3 Month Average | 1.713 % | £5,824 | £345,824 |
| 6 Month Average | 13.233 % | £44,993 | £384,993 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 26 May 2017.
The average size of a house on LAYFIELD ROAD is 151 sq meters (1,626 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Polwarth Place | |
| Feb 2024 | Anti-social behaviour | On or near Polwarth Place | |
| Mar 2024 | Burglary | Under investigation | On or near Clayworth Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Clayworth Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Davenport Drive |