£124,175
This estimated value is based upon the latest sale price for the house of £108,000 on 13 Jan 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £108,000 | 13 Jan 2021 |
| £99,995 | 21 Apr 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 617 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 January 2021 the House Price Index for TYNE AND WEAR was 130.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.977%.Applying this 14.977% change to the original purchase price of £108,000 results in an estimated price of approximately £124,175.
| 13 Jan 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 149.7 | 14.977 % | £108,000 | £16,175 | £124,175 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 36.536 % | £39,458 | £147,458 |
| 3 Month Average | 25.748 % | £27,807 | £135,807 |
| 6 Month Average | 11.651 % | £12,582 | £120,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £118,211 | £116,000 | 132 BRASS THILL WAY |
| 11 Nov 2022 | £132,381 | £133,000 | 108 NORTH MAIN COURT |
| 12 Aug 2022 | £50,235 | £50,000 | 74 NORTH MAIN COURT |
| 27 May 2022 | £138,611 | £135,000 | 142 NORTH MAIN COURT |
| 1 Apr 2022 | £124,491 | £120,000 | 78 BRASS THILL WAY |
This house has a floor area of 57 sq meters or 617 sq feet when measured on 24 Aug 2010. Using an estimated price of £124,175 means this house is valued at £2,163 per sq meter (£200 per sq foot).
The average size of a house on BRASS THILL WAY is 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other crime | Under investigation | On or near Brass Thill Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Sea Winnings Way |
| Aug 2024 | Burglary | Under investigation | On or near Sea Winnings Way |
| Jul 2024 | Anti-social behaviour | On or near Sea Winnings Way | |
| Jul 2024 | Anti-social behaviour | On or near Sea Winnings Way |