£143,656
This estimated value is based upon the latest sale price for the house of £123,000 on 20 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £123,000 | 20 Nov 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £123,000 results in an estimated price of approximately £143,656.
| 20 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £123,000 | £20,656 | £143,656 |
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 | 52.409 % | £64,463 | £187,463 |
| 3 Month Average | 25.993 % | £31,971 | £154,971 |
| 6 Month Average | 7.933 % | £9,757 | £132,757 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £134,121 | £130,000 | 150 INVERNESS ROAD |
| 17 Oct 2023 | £140,695 | £137,500 | 34 LANARK DRIVE |
| 31 Jan 2023 | £360,964 | £360,000 | 64 LANGFORD DRIVE |
| 20 Jan 2023 | £140,375 | £140,000 | 129 INVERNESS ROAD |
| 31 Oct 2022 | £94,684 | £95,000 | 39 LANARK DRIVE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 9 Sep 2019. Using an estimated price of £143,656 means this house is valued at £1,841 per sq meter (£171 per sq foot).
The average size of a house on INVERNESS ROAD is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Skye Grove | |
| Aug 2024 | Anti-social behaviour | On or near Skye Grove | |
| Aug 2024 | Anti-social behaviour | On or near Skye Grove | |
| Jul 2024 | Violence and sexual offences | Offender given a caution | On or near Skye Grove |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Skye Grove |