£174,552
This estimated value is based upon the latest sale price for the house of £110,000 on 1 Apr 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 1 Apr 2008 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 670 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.684%.Applying this 58.684% change to the original purchase price of £110,000 results in an estimated price of approximately £174,552.
| 1 Apr 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.6 | 148.6 | 58.684 % | £110,000 | £64,552 | £174,552 |
The Postcode Pricing Model uses changes in average sales price within the NE10 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 | 19.737 % | £21,710 | £131,710 |
| 3 Month Average | 34.747 % | £38,221 | £148,221 |
| 6 Month Average | 26.366 % | £29,003 | £139,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £119,041 | £118,000 | 21 CHEVINGTON |
| 20 Apr 2023 | £90,980 | £90,000 | 13 LAVERICK |
| 24 Mar 2023 | £126,189 | £125,000 | 40 COLEGATE |
| 25 Jan 2023 | £159,250 | £160,000 | 11 CHEVINGTON |
| 30 Jun 2022 | £131,965 | £130,100 | 126 WEALCROFT |
This house has a floor area of 62 sq meters or 670 sq feet when measured on 10 Jun 2011. Using an estimated price of £174,553 means this house is valued at £2,801 per sq meter (£260 per sq foot).
The average size of a house on LAVERICK is 78 sq meters (849 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Investigation complete; no suspect identified | On or near The Paddock |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Paddock |
| Jan 2024 | Public order | Under investigation | On or near The Paddock |
| Mar 2024 | Other crime | Under investigation | On or near Leamside |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Leamside |