£624,332
This estimated value is based upon the latest sale price for the house of £475,000 on 19 Aug 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £475,000 | 19 Aug 2016 |
| £249,000 | 24 May 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.438%.Applying this 31.438% change to the original purchase price of £475,000 results in an estimated price of approximately £624,332.
| 19 Aug 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.438 % | £475,000 | £149,332 | £624,332 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | -5.220 % | £-24,792 | £450,207 |
| 3 Month Average | 1.332 % | £6,325 | £481,325 |
| 6 Month Average | 16.073 % | £76,345 | £551,345 |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 9 Jun 2015.
The average size of a house on KING EDWARD ROAD is 231 sq meters (2,489 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Albury Park Road |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Denwick Terrace |
| Feb 2024 | Anti-social behaviour | On or near Crossway | |
| Feb 2024 | Anti-social behaviour | On or near Crossway | |
| Jan 2024 | Anti-social behaviour | On or near Crossway |