£178,944
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 14 Sep 2023 |
| £141,000 | 29 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £175,000 results in an estimated price of approximately £178,944.
| 14 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £175,000 | £3,944 | £178,944 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | -24.074 % | £-42,128 | £132,871 |
| 3 Month Average | -3.544 % | £-6,201 | £168,798 |
| 6 Month Average | 11.844 % | £20,727 | £195,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £304,141 | £301,500 | 11 NEWTON ROAD |
| 22 Mar 2024 | £126,950 | £125,000 | 128 NEWTON ROAD |
| 11 Mar 2024 | £187,887 | £185,000 | 23 BEANLEY PLACE |
| 23 Nov 2023 | £456,590 | £445,000 | 22 EASTLANDS |
| 14 Sep 2023 | £178,945 | £175,000 | 2 BEANLEY PLACE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 3 Mar 2016. Using an estimated price of £178,945 means this house is valued at £2,209 per sq meter (£205 per sq foot).
The average size of a house on BEANLEY PLACE is 91 sq meters (983 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Beanley Place | |
| Jul 2024 | Anti-social behaviour | On or near Beanley Place | |
| Jul 2024 | Shoplifting | Awaiting court outcome | On or near Supermarket |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jun 2024 | Shoplifting | Under investigation | On or near Supermarket |