£189,076
This estimated value is based upon the latest sale price for the house of £135,000 on 30 Sep 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 |
|---|---|
| £135,000 | 30 Sep 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2015 the House Price Index for TYNE AND WEAR was 104.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 40.057%.Applying this 40.057% change to the original purchase price of £135,000 results in an estimated price of approximately £189,076.
| 30 Sep 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 146.7 | 40.057 % | £135,000 | £54,076 | £189,076 |
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 | 8.719 % | £11,770 | £146,770 |
| 3 Month Average | 19.535 % | £26,372 | £161,372 |
| 6 Month Average | 26.073 % | £35,199 | £170,199 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 23 Jun 2015.
The average size of a house on REAY GARDENS is 124 sq meters (1,337 sq feet).
This house is the smallest in the street with a floor area of 91 sq meters (979 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Reay Gardens |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Reay Gardens |
| Mar 2024 | Robbery | Under investigation | On or near Wellfield Lane |
| Mar 2024 | Anti-social behaviour | On or near Wellfield Lane | |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Wellfield Lane |