£260,889
This estimated value is based upon the latest sale price for the house of £260,000 on 11 Dec 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 |
|---|---|
| £260,000 | 11 Dec 2023 |
| £260,000 | 8 Oct 2021 |
| £193,500 | 23 May 2008 |
| £72,000 | 21 Sep 1995 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 December 2023 the House Price Index for TYNE AND WEAR was 146.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.342%.Applying this 0.342% change to the original purchase price of £260,000 results in an estimated price of approximately £260,889.
| 11 Dec 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.2 | 146.7 | 0.342 % | £260,000 | £889 | £260,889 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 113.027 % | £293,869 | £553,869 |
| 3 Month Average | -20.819 % | £-54,130 | £205,869 |
| 6 Month Average | 9.278 % | £24,123 | £284,123 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 15 Jul 2020.
The average size of a house on FALSTONE is 105 sq meters (1,139 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Crindledykes |
| Jan 2024 | Drugs | Offender given a caution | On or near Whickhope |
| Jan 2024 | Possession of weapons | Under investigation | On or near Whickhope |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Close |