£307,909
This estimated value is based upon the latest sale price for the house of £184,000 on 5 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £184,000 | 5 Jul 2013 |
| £150,000 | 12 May 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £184,000 results in an estimated price of approximately £307,909.
| 5 Jul 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 149.7 | 67.342 % | £184,000 | £123,909 | £307,909 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 42.168 % | £77,588 | £261,588 |
| 3 Month Average | 38.547 % | £70,927 | £254,927 |
| 6 Month Average | 43.498 % | £80,036 | £264,036 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £180,032 | £174,500 | 42 FAIRFIELD GREEN |
| 7 Nov 2023 | £323,204 | £315,000 | 5 FAIR GREEN |
| 1 Sep 2023 | £240,297 | £235,000 | 10 MIDDLE GREEN |
| 21 Aug 2023 | £269,867 | £265,000 | 24 MIDDLE GREEN |
| 27 Jun 2023 | £275,521 | £270,000 | 49 FAIRFIELD DRIVE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 May 2013. Using an estimated price of £307,909 means this house is valued at £4,528 per sq meter (£420 per sq foot).
The average size of a house on FAIR GREEN is 75 sq meters (816 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairfield Green |