£255,480
This estimated value is based upon the latest sale price for the house of £159,950 on 6 Jan 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £159,950 | 6 Jan 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 January 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £159,950 results in an estimated price of approximately £255,480.
| 6 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £159,950 | £95,530 | £255,480 |
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 | 42.177 % | £67,461 | £227,411 |
| 3 Month Average | 21.897 % | £35,024 | £194,974 |
| 6 Month Average | 29.721 % | £47,538 | £207,488 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2022 | £242,390 | £245,000 | 28 STOCKSFIELD AVENUE |
| 21 Jan 2022 | £210,482 | £200,000 | 13 STOCKSFIELD AVENUE |
| 26 Nov 2021 | £337,432 | £312,000 | 39 TWO BALL LONNEN |
| 13 Aug 2021 | £336,916 | £302,000 | 34 LEMINGTON GARDENS |
| 30 Jul 2021 | £312,600 | £272,000 | 24 LEMINGTON GARDENS |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 3 Oct 2013. Using an estimated price of £255,481 means this house is valued at £2,202 per sq meter (£204 per sq foot).
The average size of a house on LEMINGTON GARDENS is 141 sq meters (1,528 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Lemington Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Stocksfield Avenue |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Stocksfield Avenue |
| Mar 2024 | Drugs | Under investigation | On or near Rothley Avenue |
| Jan 2024 | Anti-social behaviour | On or near Rothley Avenue |