£193,489
This estimated value is based upon the latest sale price for the house of £145,000 on 11 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 11 Oct 2016 |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £145,000 results in an estimated price of approximately £193,489.
| 11 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £145,000 | £48,489 | £193,489 |
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 | 28.863 % | £41,851 | £186,851 |
| 3 Month Average | 17.670 % | £25,621 | £170,621 |
| 6 Month Average | 17.087 % | £24,776 | £169,776 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £287,689 | £282,500 | 31 GRANGE ROAD |
| 22 Jun 2023 | £69,391 | £68,000 | 4A CEDAR ROAD |
| 6 Apr 2023 | £147,764 | £145,000 | 118 TWO BALL LONNEN |
| 19 Jul 2022 | £146,670 | £145,200 | 9 CEDAR ROAD |
| 25 Mar 2022 | £262,027 | £251,000 | 52A GRANGE ROAD |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 26 Apr 2016. Using an estimated price of £193,490 means this house is valued at £1,535 per sq meter (£142 per sq foot).
The average size of a house on CEDAR ROAD is 104 sq meters (1,123 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jul 2024 | Anti-social behaviour | On or near Supermarket | |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |