£116,890
This estimated value is based upon the latest sale price for the house of £62,000 on 3 Feb 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,000 | 3 Feb 2005 |
| £58,500 | 20 Aug 2004 |
| £19,500 | 29 May 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 25 sq meters or 271 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 February 2005 the House Price Index for TYNE AND WEAR was 79.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 88.533%.Applying this 88.533% change to the original purchase price of £62,000 results in an estimated price of approximately £116,890.
| 3 Feb 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 149.7 | 88.533 % | £62,000 | £54,890 | £116,890 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 66.536 % | £41,252 | £103,252 |
| 3 Month Average | 55.013 % | £34,108 | £96,108 |
| 6 Month Average | 36.774 % | £22,799 | £84,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £177,731 | £175,000 | 38 REEDHAM COURT |
| 15 Mar 2024 | £176,715 | £174,000 | 6 DEREHAM COURT |
| 20 Oct 2023 | £123,812 | £121,000 | 11 DEREHAM COURT |
| 29 Sep 2023 | £102,203 | £99,950 | 8 MEADOW RISE |
| 30 Aug 2023 | £142,571 | £140,000 | 4 DEREHAM COURT |
This house has a floor area of 25 sq meters or 271 sq feet when measured on 25 Jan 2012. Using an estimated price of £116,890 means this house is valued at £4,634 per sq meter (£430 per sq foot).
The average size of a house on MEADOW RISE is 56 sq meters (605 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Felthorpe Court |
| Jun 2024 | Vehicle crime | Under investigation | On or near Dereham Court |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Dereham Court |
| Jul 2024 | Anti-social behaviour | On or near Etal Way | |
| Jul 2024 | Anti-social behaviour | On or near Reedham Court |