£403,664
This estimated value is based upon the latest sale price for the house of £212,500 on 16 Dec 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £212,500 | 16 Dec 2004 |
| 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 December 2004 the House Price Index for TYNE AND WEAR was 78.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.960%.Applying this 89.960% change to the original purchase price of £212,500 results in an estimated price of approximately £403,664.
| 16 Dec 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 149.7 | 89.960 % | £212,500 | £191,164 | £403,664 |
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 | 23.659 % | £50,275 | £262,775 |
| 3 Month Average | 34.339 % | £72,970 | £285,470 |
| 6 Month Average | 37.922 % | £80,585 | £293,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £726,440 | £708,000 | 15 AXWELL VIEW |
| 1 Feb 2023 | £397,656 | £395,000 | 6 FELLSIDE ROAD |
| 31 Jan 2023 | £270,723 | £270,000 | 8 REDEWATER GARDENS |
| 1 Nov 2022 | £258,790 | £260,000 | 7 FIR TREE ROAD |
| 21 Jun 2022 | £250,352 | £245,000 | 7 LAVENDER ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Lavender Road | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Kestrel Mews |
| Aug 2024 | Other theft | Under investigation | On or near Kestrel Mews |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Redewater Gardens |
| Jul 2024 | Anti-social behaviour | On or near Redewater Gardens |