£367,512
This estimated value is based upon the latest sale price for the house of £249,950 on 29 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £249,950 | 29 May 2015 |
| Detached |
| Freehold |
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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £249,950 results in an estimated price of approximately £367,512.
| 29 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £249,950 | £117,562 | £367,512 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 164.558 % | £411,311 | £661,261 |
| 3 Month Average | 37.697 % | £94,224 | £344,174 |
| 6 Month Average | 34.626 % | £86,547 | £336,497 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £235,000 | £235,000 | 2 HAREWOOD CLOSE |
| 2 Aug 2024 | £240,000 | £240,000 | 25 WANSFORD WAY |
| 26 Apr 2024 | £199,734 | £198,000 | 24 WYNDLEY CLOSE |
| 7 Nov 2023 | £384,767 | £375,000 | 18 BURNTHOUSE LANE |
| 21 Feb 2023 | £266,782 | £265,000 | 26 HAREWOOD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Broadway |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Grange Farm Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Blaxton Place |