£117,360
This estimated value is based upon the latest sale price for the house of £68,000 on 27 Apr 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £68,000 | 27 Apr 2011 |
| £56,000 | 23 Dec 2009 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 970 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 April 2011 the House Price Index for TYNE AND WEAR was 86.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.589%.Applying this 72.589% change to the original purchase price of £68,000 results in an estimated price of approximately £117,360.
| 27 Apr 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.7 | 149.7 | 72.589 % | £68,000 | £49,360 | £117,360 |
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 | 2.102 % | £1,429 | £69,429 |
| 3 Month Average | 12.713 % | £8,644 | £76,644 |
| 6 Month Average | 13.881 % | £9,439 | £77,439 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2023 | £188,142 | £185,000 | 18 ROSEWOOD GARDENS |
| 20 Jan 2023 | £220,589 | £220,000 | 12 EGREMONT DRIVE |
| 8 Jul 2022 | £161,619 | £160,000 | 85 SHERIFFS HIGHWAY |
| 17 Jun 2022 | £195,683 | £191,500 | 9 CHURCH ROAD |
| 29 Apr 2022 | £466,840 | £450,000 | 16 CHURCH ROAD |
This house has a floor area of 90 sq meters or 970 sq feet when measured on 13 Oct 2009. Using an estimated price of £117,360 means this house is valued at £1,301 per sq meter (£120 per sq foot).
The average size of a house on SHERIFFS HIGHWAY is 93 sq meters (1,002 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Egremont Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Egremont Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Egremont Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Egremont Gardens |
| Sep 2024 | Other theft | Awaiting court outcome | On or near Church Lane |