£67,892
This estimated value is based upon the latest sale price for the house of £54,950 on 28 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,950 | 28 Nov 2019 |
| £96,000 | 30 May 2008 |
| £105,000 | 12 Apr 2006 |
| £42,000 | 23 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 November 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £54,950 results in an estimated price of approximately £67,892.
| 28 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £54,950 | £12,942 | £67,892 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -18.267 % | £-10,037 | £44,912 |
| 3 Month Average | 5.009 % | £2,752 | £57,702 |
| 6 Month Average | 3.114 % | £1,711 | £56,661 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jun 2024 | £245,000 | £245,000 | BESOM HOUSE LITCHFIELD TERRACE |
| 6 Nov 2023 | £84,136 | £82,000 | 2 HILL TOP |
| 3 Nov 2023 | £151,342 | £147,500 | 25 GARTH FARM ROAD |
| 31 Mar 2023 | £168,819 | £166,000 | 9 TYNE STREET |
| 7 Feb 2023 | £40,269 | £40,000 | 19 FRONT STREET |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 30 Sep 2019. Using an estimated price of £67,892 means this house is valued at £762 per sq meter (£70 per sq foot).
There is one other house on the street which we know the size of, this is 2 OLD WELL AVENUE it is 95.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Old Well Lane |
| Jul 2024 | Other crime | Under investigation | On or near Litchfield Lane |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Branch Street |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Branch Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Branch Street |