£213,739
This estimated value is based upon the latest sale price for the house of £145,000 on 27 Mar 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 27 Mar 2015 |
| £56,000 | 27 Mar 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 March 2015 the House Price Index for TYNE AND WEAR was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £145,000 results in an estimated price of approximately £213,739.
| 27 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £145,000 | £68,739 | £213,739 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 23.766 % | £34,460 | £179,460 |
| 3 Month Average | 14.668 % | £21,267 | £166,267 |
| 6 Month Average | 20.639 % | £29,925 | £174,925 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £137,029 | £135,000 | 3 TERRY COONEY PLACE |
| 29 Sep 2023 | £182,331 | £180,000 | 102 LANERCOST DRIVE |
| 28 Jul 2023 | £138,869 | £137,000 | 11 TERRY COONEY PLACE |
| 21 Jul 2023 | £136,842 | £135,000 | 18 TERRY COONEY PLACE |
| 30 Jun 2023 | £141,717 | £140,000 | 27 HESLEYSIDE DRIVE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 8 Jan 2015. Using an estimated price of £213,740 means this house is valued at £2,181 per sq meter (£202 per sq foot).
The average size of a house on LANERCOST DRIVE is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hesleyside Drive |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive | |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive | |
| Feb 2024 | Anti-social behaviour | On or near Terry Cooney Place | |
| Feb 2024 | Anti-social behaviour | On or near Terry Cooney Place |