£312,385
This estimated value is based upon the latest sale price for the house of £197,000 on 28 Mar 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£197,000 | 28 Mar 2014 |
£235,000 | 2 Dec 2008 |
Detached |
Leasehold |
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 2014 the House Price Index for TYNE AND WEAR was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £197,000 results in an estimated price of approximately £312,385.
28 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.4 | 149.7 | 58.571 % | £197,000 | £115,385 | £312,385 |
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 | -1.985 % | £-3,911 | £193,088 |
3 Month Average | 5.674 % | £11,178 | £208,178 |
6 Month Average | 11.592 % | £22,836 | £219,836 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Nov 2023 | £293,962 | £286,500 | 15 LINDEN WAY |
29 Sep 2023 | £419,242 | £410,000 | HIGHFIELD ROCKCLIFFE WAY |
20 Sep 2023 | £127,818 | £125,000 | 15 SOUTHLANDS |
8 Sep 2023 | £296,537 | £290,000 | 21 THE CEDARS |
24 Feb 2023 | £296,984 | £295,000 | RAVENDALE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 27 Mar 2019. Using an estimated price of £312,386 means this house is valued at £3,187 per sq meter (£296 per sq foot).
The average size of a house on SOUTHLANDS is 94 sq meters (1,014 sq feet).
This house is the largest in the street with a floor area of 98 sq meters (1,054 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Larch Close | |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Larch Close |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Larch Close |
Apr 2024 | Public order | Under investigation | On or near Larch Close |
Jul 2024 | Burglary | Under investigation | On or near Jubilee Avenue |