£54,353
This estimated value is based upon the latest sale price for the house of £23,450 on 18 Aug 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £23,450 | 18 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 August 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 131.786%.Applying this 131.786% change to the original purchase price of £23,450 results in an estimated price of approximately £54,353.
| 18 Aug 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 149.7 | 131.786 % | £23,450 | £30,903 | £54,353 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 112.855 % | £26,464 | £49,914 |
| 3 Month Average | 113.080 % | £26,517 | £49,967 |
| 6 Month Average | 126.066 % | £29,562 | £53,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £178,579 | £175,000 | 136 NORMOUNT ROAD |
| 16 Jun 2023 | £61,227 | £60,000 | 153 LADYKIRK ROAD |
| 6 Feb 2023 | £156,042 | £155,000 | 117 NORMOUNT ROAD |
| 14 Dec 2021 | £145,707 | £135,000 | 113 NORMOUNT ROAD |
| 17 Sep 2021 | £103,129 | £95,000 | 118 FAIRHOLM ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 24 Jun 2013. Using an estimated price of £54,354 means this house is valued at £549 per sq meter (£51 per sq foot).
The average size of a house on FAIRHOLM ROAD is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Theft from the person | Under investigation | On or near Ladykirk Road |
| Jun 2024 | Drugs | Under investigation | On or near Ladykirk Road |
| Apr 2024 | Anti-social behaviour | On or near Ladykirk Road | |
| Apr 2024 | Anti-social behaviour | On or near Ladykirk Road | |
| Apr 2024 | Anti-social behaviour | On or near Ladykirk Road |