£1,575,436
This estimated value is based upon the latest sale price for the house of £1,295,000 on 5 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £1,295,000 | 5 Oct 2018 |
| £307,500 | 17 May 1996 |
| Detached |
| Freehold |
| Floor Area: 275 sq meters or 2,960 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 October 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.655%.Applying this 21.655% change to the original purchase price of £1,295,000 results in an estimated price of approximately £1,575,436.
| 5 Oct 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 146.7 | 21.655 % | £1,295,000 | £280,436 | £1,575,436 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -4.660 % | £-60,353 | £1,234,646 |
| 3 Month Average | 2.085 % | £27,000 | £1,322,000 |
| 6 Month Average | 12.646 % | £163,759 | £1,458,759 |
This house has a floor area of 275 sq meters or 2,960 sq feet when measured on 6 Jun 2018.
The average size of a house on BEECHFIELD ROAD is 413 sq meters (4,450 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Furzefield Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Furzefield Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Furzefield Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Furzefield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Meadowfield Road |