£101,106
This estimated value is based upon the latest sale price for the house of £98,000 on 6 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Lane Corner
More crime details
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| Price Paid | Date |
|---|---|
| £98,000 | 6 Dec 2023 |
| £105,000 | 26 Aug 2010 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £98,000 results in an estimated price of approximately £101,106.
| 6 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £98,000 | £3,106 | £101,106 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 47.416 % | £46,468 | £144,468 |
| 3 Month Average | 3.471 % | £3,401 | £101,401 |
| 6 Month Average | 8.438 % | £8,269 | £106,269 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jul 2024 | £145,000 | £145,000 | 8 LANE CORNER |
| 15 Dec 2023 | £98,012 | £95,000 | 23 LOW LANE |
| 6 Dec 2023 | £101,107 | £98,000 | 17 EAVERS COURT |
| 28 Apr 2023 | £139,611 | £137,000 | 1 LANE CORNER |
| 3 Mar 2023 | £96,613 | £95,000 | 2 EAVERS COURT |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 11 Jun 2013. Using an estimated price of £101,107 means this house is valued at £1,189 per sq meter (£110 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lane Corner |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Lane Corner |
| Aug 2024 | Anti-social behaviour | On or near Lane Corner | |
| Aug 2024 | Anti-social behaviour | On or near Lane Corner | |
| Aug 2024 | Anti-social behaviour | On or near Lane Corner |