£569,713
This estimated value is based upon the latest sale price for the house of £223,000 on 18 Dec 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £223,000 | 18 Dec 2002 |
| £39,500 | 11 Sep 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 230 sq meters or 2,475 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 December 2002 the House Price Index for TYNE AND WEAR was 58.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 155.477%.Applying this 155.477% change to the original purchase price of £223,000 results in an estimated price of approximately £569,713.
| 18 Dec 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 149.7 | 155.477 % | £223,000 | £346,713 | £569,713 |
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 | 54.336 % | £121,168 | £344,168 |
| 3 Month Average | 84.744 % | £188,980 | £411,980 |
| 6 Month Average | 67.391 % | £150,281 | £373,281 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £335,000 | £335,000 | 103A FATFIELD PARK |
| 4 Jul 2024 | £260,000 | £260,000 | 48 BIDDICK LANE |
| 17 Apr 2024 | £393,416 | £390,000 | 3A BIDDICK LANE |
| 6 Mar 2024 | £200,582 | £197,500 | 48 FATFIELD PARK |
| 19 Dec 2023 | £660,289 | £640,000 | 59 FATFIELD PARK |
This house has a floor area of 230 sq meters or 2,475 sq feet when measured on 3 Jun 2011. Using an estimated price of £569,714 means this house is valued at £2,476 per sq meter (£230 per sq foot).
The average size of a house on FATFIELD PARK is 177 sq meters (1,907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fatfield Park |
| Sep 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Sep 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Aug 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Aug 2024 | Public order | Under investigation | On or near Fatfield Park |