£148,048
This estimated value is based upon the latest sale price for the house of £119,950 on 17 Jul 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £119,950 | 17 Jul 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 July 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.425%.Applying this 23.425% change to the original purchase price of £119,950 results in an estimated price of approximately £148,048.
| 17 Jul 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.0 | 23.425 % | £119,950 | £28,098 | £148,048 |
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 | -31.666 % | £-37,982 | £81,967 |
| 3 Month Average | -6.544 % | £-7,850 | £112,099 |
| 6 Month Average | 16.668 % | £19,993 | £139,943 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £151,432 | £150,000 | 19 REEDSMOUTH PLACE |
| 17 Mar 2023 | £115,625 | £115,000 | 145 SILVER LONNEN |
| 15 Jul 2022 | £91,377 | £91,500 | 12 NURSERY GARDENS |
| 1 Feb 2022 | £224,559 | £215,000 | 8 NURSERY GARDENS |
| 22 Oct 2021 | £99,181 | £90,000 | 23 NURSERY GARDENS |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 2 May 2018. Using an estimated price of £148,048 means this house is valued at £1,663 per sq meter (£154 per sq foot).
The average size of a house on LANERCOST DRIVE is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hesleyside Drive |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hesleyside Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hesleyside Drive |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive | |
| Feb 2024 | Anti-social behaviour | On or near Hesleyside Drive |