£351,686
This estimated value is based upon the latest sale price for the house of £205,000 on 14 Sep 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £205,000 | 14 Sep 2012 |
| £87,500 | 23 Jan 1998 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,248 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 September 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.554%.Applying this 71.554% change to the original purchase price of £205,000 results in an estimated price of approximately £351,686.
| 14 Sep 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.554 % | £205,000 | £146,686 | £351,686 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 69.261 % | £141,985 | £346,985 |
| 3 Month Average | 42.840 % | £87,821 | £292,821 |
| 6 Month Average | 48.234 % | £98,879 | £303,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £234,224 | £230,000 | 30 BEACONSIDE |
| 31 Mar 2023 | £345,774 | £340,000 | 80 BEACONSIDE |
| 31 Mar 2023 | £249,161 | £245,000 | 96 BEACONSIDE |
| 3 Feb 2023 | £251,681 | £250,000 | 44 BEACONSIDE |
| 29 Jul 2022 | £244,449 | £242,000 | 168 BEACONSIDE |
This house has a floor area of 115 sq meters or 1,248 sq feet when measured on 1 Dec 2009. Using an estimated price of £351,686 means this house is valued at £3,032 per sq meter (£281 per sq foot).
The average size of a house on BEACONSIDE is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Offender given a caution | On or near Watson Avenue |