£230,922
This estimated value is based upon the latest sale price for the house of £132,000 on 30 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £132,000 | 30 Jun 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 June 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.941%.Applying this 74.941% change to the original purchase price of £132,000 results in an estimated price of approximately £230,922.
| 30 Jun 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 149.7 | 74.941 % | £132,000 | £98,922 | £230,922 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 61.171 % | £80,745 | £212,745 |
| 3 Month Average | 50.972 % | £67,282 | £199,282 |
| 6 Month Average | 31.278 % | £41,287 | £173,287 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £224,041 | £220,000 | 2 MILL DENE VIEW |
| 23 Jun 2023 | £14,286 | £14,000 | 8 MILL DENE VIEW |
| 10 Nov 2022 | £167,218 | £168,000 | 2 LAMBTON TERRACE |
| 31 Oct 2022 | £137,541 | £138,000 | 26 BISCOP TERRACE |
| 7 Oct 2022 | £117,607 | £118,000 | 18 ECGFRID TERRACE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 30 Jan 2015. Using an estimated price of £230,923 means this house is valued at £2,850 per sq meter (£264 per sq foot).
The average size of a house on SPRINGWELL ROAD is 114 sq meters (1,231 sq feet).
This house is the smallest in the street with a floor area of 81 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Biscop Terrace |
| Oct 2024 | Anti-social behaviour | On or near Ceolfrid Terrace | |
| Sep 2024 | Anti-social behaviour | On or near Ceolfrid Terrace | |
| Sep 2024 | Anti-social behaviour | On or near Ceolfrid Terrace | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ceolfrid Terrace |