£75,845
This estimated value is based upon the latest sale price for the house of £20,500 on 21 Sep 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £20,500 | 21 Sep 2000 |
| £15,500 | 29 Jan 1999 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 September 2000 the House Price Index for TYNE AND WEAR was 40.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 269.980%.Applying this 269.980% change to the original purchase price of £20,500 results in an estimated price of approximately £75,845.
| 21 Sep 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.5 | 149.7 | 269.980 % | £20,500 | £55,345 | £75,845 |
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 | 357.479 % | £73,283 | £93,783 |
| 3 Month Average | 335.813 % | £68,841 | £89,341 |
| 6 Month Average | 321.884 % | £65,986 | £86,486 |
| 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 75 sq meters or 807 sq feet when measured on 2 Jul 2021. Using an estimated price of £75,846 means this house is valued at £1,011 per sq meter (£93 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 |