£395,534
This estimated value is based upon the latest sale price for the house of £320,000 on 27 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £320,000 | 27 Sep 2019 |
| Terraced |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £320,000 results in an estimated price of approximately £395,534.
| 27 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £320,000 | £75,534 | £395,534 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 21.303 % | £68,168 | £388,168 |
| 3 Month Average | 21.537 % | £68,917 | £388,917 |
| 6 Month Average | 10.645 % | £34,063 | £354,063 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2023 | £125,515 | £123,000 | 191 SALTERS ROAD |
| 24 Mar 2023 | £409,336 | £402,500 | 9 MAYFIELD ROAD |
| 24 Mar 2023 | £150,514 | £148,000 | 35 BROOMFIELD ROAD |
| 24 Mar 2023 | £150,514 | £148,000 | 33 BROOMFIELD ROAD |
| 24 Nov 2022 | £169,209 | £170,000 | 10 BROOMFIELD ROAD |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 4 Apr 2019. Using an estimated price of £395,535 means this house is valued at £3,215 per sq meter (£298 per sq foot).
The average size of a house on MAYFIELD ROAD is 154 sq meters (1,658 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Shoplifting | Awaiting court outcome | On or near Broomfield Road |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Broomfield Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Broomfield Road |
| Apr 2024 | Public order | Offender given a caution | On or near Broomfield Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Broomfield Road |