£409,987
This estimated value is based upon the latest sale price for the house of £245,000 on 1 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £245,000 | 1 Jul 2013 |
| £365,000 | 10 Jan 2008 |
| Detached |
| Freehold |
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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £245,000 results in an estimated price of approximately £409,987.
| 1 Jul 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 149.7 | 67.342 % | £245,000 | £164,987 | £409,987 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 30.547 % | £74,839 | £319,839 |
| 3 Month Average | 15.791 % | £38,687 | £283,687 |
| 6 Month Average | 8.692 % | £21,295 | £266,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £379,637 | £370,000 | 10 KINLET |
| 3 Feb 2022 | £232,421 | £220,000 | 3 CORNDEAN |
| 21 Jan 2022 | £323,360 | £305,000 | 28 THORNBRIDGE |
| 10 Dec 2021 | £410,083 | £379,950 | 11 KINLET |
| 22 Jun 2021 | £318,856 | £295,000 | 62 THORNBRIDGE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Kinlett |
| Jul 2024 | Anti-social behaviour | On or near Kinlett | |
| Jul 2024 | Anti-social behaviour | On or near Kinlett | |
| Jul 2024 | Anti-social behaviour | On or near Kinlett | |
| Jul 2024 | Anti-social behaviour | On or near Kinlett |