£107,307
This estimated value is based upon the latest sale price for the house of £23,000 on 27 Oct 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £23,000 | 27 Oct 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 1998 the House Price Index for TYNE AND WEAR was 32.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 366.555%.Applying this 366.555% change to the original purchase price of £23,000 results in an estimated price of approximately £107,307.
| 27 Oct 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 149.7 | 366.555 % | £23,000 | £84,307 | £107,307 |
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 | 292.867 % | £67,359 | £90,359 |
| 3 Month Average | 297.258 % | £68,369 | £91,369 |
| 6 Month Average | 296.214 % | £68,129 | £91,129 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £164,167 | £160,000 | 7 HENSHAW PLACE |
| 16 Oct 2023 | £194,416 | £190,000 | 250 SILVER LONNEN |
| 16 Oct 2023 | £84,929 | £83,000 | 20 SILVERHILL DRIVE |
| 13 Oct 2023 | £168,835 | £165,000 | 314 SILVER LONNEN |
| 31 Aug 2023 | £229,133 | £225,000 | 13 HENSHAW PLACE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 13 Sep 2013. Using an estimated price of £107,308 means this house is valued at £1,951 per sq meter (£181 per sq foot).
The average size of a house on SILVERHILL DRIVE is 76 sq meters (824 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Henshaw Place | |
| Aug 2024 | Anti-social behaviour | On or near Henshaw Place | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Henshaw Place |
| Aug 2024 | Anti-social behaviour | On or near Henshaw Place | |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Silverhill Drive |