£164,462
This estimated value is based upon the latest sale price for the house of £135,000 on 5 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 5 May 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.824%.Applying this 21.824% change to the original purchase price of £135,000 results in an estimated price of approximately £164,462.
| 5 May 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.824 % | £135,000 | £29,462 | £164,462 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -34.447 % | £-46,503 | £88,496 |
| 3 Month Average | -4.403 % | £-5,944 | £129,055 |
| 6 Month Average | 8.568 % | £11,566 | £146,566 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £151,432 | £150,000 | 19 REEDSMOUTH PLACE |
| 15 Jul 2022 | £91,377 | £91,500 | 12 NURSERY GARDENS |
| 1 Feb 2022 | £224,559 | £215,000 | 8 NURSERY GARDENS |
| 22 Oct 2021 | £99,181 | £90,000 | 23 NURSERY GARDENS |
| 30 Sep 2021 | £182,451 | £170,000 | 77 SILVER LONNEN |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 30 Oct 2019. Using an estimated price of £164,463 means this house is valued at £1,768 per sq meter (£164 per sq foot).
The average size of a house on SILVER LONNEN is 72 sq meters (782 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hesleyside Drive |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hesleyside Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hesleyside Drive |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive | |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive |