£174,940
This estimated value is based upon the latest sale price for the house of £170,500 on 29 Nov 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,500 | 29 Nov 2023 |
| £184,995 | 16 Dec 2016 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 November 2023 the House Price Index for TYNE AND WEAR was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £170,500 results in an estimated price of approximately £174,940.
| 29 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £170,500 | £4,440 | £174,940 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | -48.967 % | £-83,488 | £87,011 |
| 3 Month Average | 10.072 % | £17,172 | £187,672 |
| 6 Month Average | -4.652 % | £-7,931 | £162,568 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £206,340 | £200,000 | 14 RUSHTON WAY |
| 29 Nov 2023 | £174,941 | £170,500 | 12 RUSHTON WAY |
| 24 Nov 2023 | £246,251 | £240,000 | 7 BRETTON CLOSE |
| 23 Nov 2023 | £173,402 | £169,000 | 7 RUSHTON WAY |
| 27 Oct 2023 | £276,275 | £270,000 | 3 THORNCLIFFE CLOSE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 10 Nov 2016. Using an estimated price of £174,941 means this house is valued at £1,987 per sq meter (£184 per sq foot).
The average size of a house on RUSHTON WAY is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Rushton Way | |
| Sep 2024 | Anti-social behaviour | On or near Rushton Way | |
| Oct 2024 | Anti-social behaviour | On or near Dovestone Close | |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Dovestone Close |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Craggs Road |