£747,500
This estimated value is based upon the latest sale price for the house of £600,000 on 18 Apr 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 |
|---|---|
| £600,000 | 18 Apr 2019 |
| £315,000 | 29 Jun 2001 |
| 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 April 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £600,000 results in an estimated price of approximately £747,500.
| 18 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £600,000 | £147,500 | £747,500 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -5.649 % | £-33,893 | £566,106 |
| 3 Month Average | 11.196 % | £67,175 | £667,175 |
| 6 Month Average | 7.093 % | £42,556 | £642,556 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £239,871 | £232,500 | 13A CHESTERS PARK |
| 24 Nov 2023 | £365,272 | £356,000 | 14 HEATHFIELD PLACE |
| 30 Sep 2022 | £379,746 | £380,000 | 25 HEATHFIELD PLACE |
| 30 Jul 2021 | £69,466 | £60,000 | 1 TELFORD CLOSE |
| 20 Nov 2020 | £291,984 | £250,000 | 2 ASHFIELD COURT JOICEY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Public order | Under investigation | On or near Heathfield Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
| Apr 2024 | Burglary | Awaiting court outcome | On or near A167 |
| Jun 2024 | Anti-social behaviour | On or near Chesters Park | |
| Jun 2024 | Anti-social behaviour | On or near Chesters Park |