£225,427
This estimated value is based upon the latest sale price for the house of £178,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £178,000 | 15 Dec 2017 |
| £30,000 | 12 May 2000 |
| Semi-Detached |
| Freehold |
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 December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.645%.Applying this 26.645% change to the original purchase price of £178,000 results in an estimated price of approximately £225,427.
| 15 Dec 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 149.7 | 26.645 % | £178,000 | £47,427 | £225,427 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 29.094 % | £51,786 | £229,786 |
| 3 Month Average | 30.848 % | £54,909 | £232,909 |
| 6 Month Average | 28.686 % | £51,061 | £229,061 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £188,286 | £182,500 | 1 HARESHAW ROAD |
| 25 Sep 2023 | £240,297 | £235,000 | 16 HOLLY AVENUE |
| 22 Sep 2023 | £276,086 | £270,000 | 1 BURNSIDE |
| 1 Feb 2023 | £297,991 | £296,000 | 2 BURNSIDE |
| 24 Oct 2022 | £224,251 | £225,000 | 29 BURNBANK AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Awaiting court outcome | On or near Redheugh Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Redheugh Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Redheugh Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Redheugh Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Monkseaton Road |