£100,080
This estimated value is based upon the latest sale price for the house of £75,000 on 27 Oct 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 |
|---|---|
| £75,000 | 27 Oct 2016 |
| £78,950 | 3 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £75,000 results in an estimated price of approximately £100,080.
| 27 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £75,000 | £25,080 | £100,080 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -12.360 % | £-9,270 | £65,729 |
| 3 Month Average | 9.210 % | £6,907 | £81,907 |
| 6 Month Average | 0.549 % | £411 | £75,411 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £115,000 | £115,000 | 1 MEWS COURT |
| 28 Mar 2024 | £94,451 | £93,000 | 17 MOUNT PLEASANT |
| 19 Dec 2023 | £484,900 | £470,000 | THE COACH HOUSE, 10A NESHAM PLACE |
| 13 Dec 2023 | £340,462 | £330,000 | 11 MOUNT PLEASANT |
| 8 Sep 2022 | £364,756 | £365,000 | 19 NESHAM PLACE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 1 Sep 2016. Using an estimated price of £100,081 means this house is valued at £1,076 per sq meter (£99 per sq foot).
The average size of a house on MEWS COURT is 110 sq meters (1,184 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Orchard Place |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nesham Place |
| Jun 2024 | Drugs | Under investigation | On or near Nesham Place |
| Jun 2024 | Bicycle theft | Under investigation | On or near Nesham Place |
| May 2024 | Anti-social behaviour | On or near Nesham Place |