£229,373
This estimated value is based upon the latest sale price for the house of £160,000 on 17 Jun 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 |
|---|---|
| £160,000 | 17 Jun 2015 |
| Terraced |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 43.358%.Applying this 43.358% change to the original purchase price of £160,000 results in an estimated price of approximately £229,373.
| 17 Jun 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 146.7 | 43.358 % | £160,000 | £69,373 | £229,373 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 35.555 % | £56,887 | £216,887 |
| 3 Month Average | 28.227 % | £45,162 | £205,162 |
| 6 Month Average | 23.153 % | £37,044 | £197,044 |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 11 Sep 2015.
The average size of a house on THE RIDGE is 124 sq meters (1,341 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Awaiting court outcome | On or near Grange View |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grange Crescent |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Grange Crescent |
| Mar 2024 | Anti-social behaviour | On or near Woodside Way | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Woodside Way |