£188,158
This estimated value is based upon the latest sale price for the house of £154,000 on 20 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£154,000 | 20 Dec 2019 |
£156,995 | 5 Dec 2014 |
Semi-Detached |
Freehold |
Floor Area: 84 sq meters or 904 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £154,000 results in an estimated price of approximately £188,158.
20 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.0 | 22.181 % | £154,000 | £34,158 | £188,158 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -18.546 % | £-28,560 | £125,439 |
3 Month Average | -0.279 % | £-429 | £153,570 |
6 Month Average | 10.123 % | £15,588 | £169,588 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £120,407 | £120,000 | 84 REDWOOD AVENUE |
3 Nov 2023 | £261,355 | £258,000 | 118 LYNWOOD WAY |
30 Jun 2023 | £196,594 | £195,000 | 58 LYNWOOD WAY |
21 Jun 2023 | £211,717 | £210,000 | 22 LYNWOOD WAY |
16 Feb 2023 | £228,917 | £230,000 | 24 LYNWOOD WAY |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 12 Jan 2016. Using an estimated price of £188,159 means this house is valued at £2,239 per sq meter (£208 per sq foot).
The average size of a house on LYNWOOD WAY is 88 sq meters (954 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other crime | Under investigation | On or near Alder Walk |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Alder Walk |
Mar 2024 | Theft from the person | Under investigation | On or near Alder Walk |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redwood Avenue |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Redwood Avenue |