£35,512
This estimated value is based upon the latest sale price for the house of £13,000 on 19 Aug 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 |
|---|---|
| £13,000 | 19 Aug 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 August 2002 the House Price Index for TYNE AND WEAR was 54.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 173.173%.Applying this 173.173% change to the original purchase price of £13,000 results in an estimated price of approximately £35,512.
| 19 Aug 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 148.0 | 173.173 % | £13,000 | £22,512 | £35,512 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 528.194 % | £68,665 | £81,665 |
| 3 Month Average | 193.749 % | £25,187 | £38,187 |
| 6 Month Average | 224.781 % | £29,221 | £42,221 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £65,621 | £65,000 | 120 STRATHMORE CRESCENT |
| 4 Mar 2022 | £102,176 | £99,000 | 95 CANNING STREET |
| 21 Dec 2021 | £53,353 | £50,000 | 100 ELLESMERE ROAD |
| 21 Dec 2021 | £53,353 | £50,000 | 98 ELLESMERE ROAD |
| 1 Dec 2021 | £66,157 | £62,000 | 81 STRATHMORE CRESCENT |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 22 Mar 2018. Using an estimated price of £35,512 means this house is valued at £514 per sq meter (£47 per sq foot).
The average size of a house on FARNDALE ROAD is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farndale Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farndale Road |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Glebe Street |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glebe Street |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Glebe Street |