£500,993
This estimated value is based upon the latest sale price for the house of £292,000 on 31 Aug 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £292,000 | 31 Aug 2012 |
| £300,000 | 30 Jan 2004 |
| Detached |
| Freehold |
| Floor Area: 149 sq meters or 1,605 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 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £292,000 results in an estimated price of approximately £500,993.
| 31 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £292,000 | £208,993 | £500,993 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 18.416 % | £53,774 | £345,774 |
| 3 Month Average | 25.788 % | £75,300 | £367,300 |
| 6 Month Average | 12.012 % | £35,075 | £327,075 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £232,015 | £230,000 | 31 SPOUT LANE |
| 23 Nov 2023 | £949,092 | £925,000 | CHANTRY HOUSE VILLAGE LANE |
| 28 Apr 2023 | £402,529 | £395,000 | 18 LIBERTY GREEN |
| 24 Jun 2022 | £265,679 | £260,000 | THE LODGE DAME MARGARET HALL THE AVENUE |
| 4 Feb 2022 | £134,355 | £127,175 | 22 SPOUT LANE |
This house has a floor area of 149 sq meters or 1,605 sq feet when measured on 6 May 2010. Using an estimated price of £500,994 means this house is valued at £3,358 per sq meter (£311 per sq foot).
The average size of a house on LIBERTY GREEN is 150 sq meters (1,618 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green |