£418,000
This estimated value is based upon the latest sale price for the house of £375,000 on 15 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £375,000 | 15 Oct 2021 |
| Detached |
| Freehold |
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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £375,000 results in an estimated price of approximately £418,000.
| 15 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £375,000 | £43,000 | £418,000 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 47.954 % | £179,828 | £554,828 |
| 3 Month Average | 22.886 % | £85,822 | £460,822 |
| 6 Month Average | 9.652 % | £36,195 | £411,195 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £267,321 | £265,000 | 34 GRAYLANDS |
| 20 Oct 2023 | £480,923 | £470,000 | 15 GRAYLANDS |
| 20 Sep 2023 | £296,537 | £290,000 | 17 LAMBTON COURT |
| 6 Sep 2023 | £276,086 | £270,000 | 31 GRAYLANDS |
| 5 Apr 2023 | £397,383 | £389,950 | 16 GRAYLANDS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Morningside |
| Aug 2024 | Vehicle crime | Under investigation | On or near Morningside |
| Oct 2024 | Anti-social behaviour | On or near Picktree Lodge | |
| Sep 2024 | Anti-social behaviour | On or near Picktree Lodge | |
| Sep 2024 | Other crime | Under investigation | On or near Picktree Lodge |