£173,712
This estimated value is based upon the latest sale price for the house of £150,000 on 16 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 16 Oct 2020 |
| £68,000 | 20 Jul 2001 |
| £56,000 | 12 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £150,000 results in an estimated price of approximately £173,712.
| 16 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £150,000 | £23,712 | £173,712 |
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 | -26.962 % | £-40,442 | £109,557 |
| 3 Month Average | -20.456 % | £-30,683 | £119,316 |
| 6 Month Average | -2.912 % | £-4,368 | £145,631 |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 10 Jun 2019.
The average size of a house on BEDE BURN ROAD is 165 sq meters (1,784 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dillon Street |
| Dec 2023 | Other crime | Under investigation | On or near Dillon Street |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Dillon Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rede Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rede Street |