£444,205
This estimated value is based upon the latest sale price for the house of £179,950 on 28 Feb 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £179,950 | 28 Feb 2003 |
| £89,950 | 31 Mar 2000 |
| 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 February 2003 the House Price Index for TYNE AND WEAR was 60.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 146.849%.Applying this 146.849% change to the original purchase price of £179,950 results in an estimated price of approximately £444,205.
| 28 Feb 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 149.7 | 146.849 % | £179,950 | £264,255 | £444,205 |
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 | 178.999 % | £322,108 | £502,058 |
| 3 Month Average | 119.624 % | £215,262 | £395,212 |
| 6 Month Average | 111.011 % | £199,764 | £379,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Apr 2024 | £191,614 | £189,950 | 26 HOLLAND PARK DRIVE |
| 21 Mar 2024 | £218,355 | £215,000 | 14 HAWTHORN DRIVE |
| 3 Nov 2023 | £174,428 | £170,000 | 33 HEDWORTH LANE |
| 17 Oct 2023 | £148,370 | £145,000 | 4 HOUNSLOW GARDENS |
| 22 Sep 2023 | £199,396 | £195,000 | MILL FARM COTTAGE HEDWORTH LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other crime | Under investigation | On or near Hawthorn Drive |
| Aug 2024 | Anti-social behaviour | On or near Hedworth Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hedworth Lane | |
| Aug 2024 | Anti-social behaviour | On or near Hedworth Lane | |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hillcrest |