£133,467
This estimated value is based upon the latest sale price for the house of £110,500 on 7 Feb 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Old Durham Road
More crime details
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| Price Paid | Date |
|---|---|
| £110,500 | 7 Feb 2020 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 February 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.785%.Applying this 20.785% change to the original purchase price of £110,500 results in an estimated price of approximately £133,467.
| 7 Feb 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.785 % | £110,500 | £22,967 | £133,467 |
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 | 15.879 % | £17,545 | £128,045 |
| 3 Month Average | 8.445 % | £9,331 | £119,831 |
| 6 Month Average | 16.606 % | £18,349 | £128,849 |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 18 Jun 2019.
The average size of a house on SPRINGFIELD PLACE is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Durham Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Durham Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Old Durham Road |
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Springfield Place |