£224,210
This estimated value is based upon the latest sale price for the house of £162,000 on 8 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Hartburn Place
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| Price Paid | Date |
|---|---|
| £162,000 | 8 Dec 2015 |
| £64,000 | 15 Mar 2002 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 December 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £162,000 results in an estimated price of approximately £224,210.
| 8 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £162,000 | £62,210 | £224,210 |
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 | -32.625 % | £-52,852 | £109,147 |
| 3 Month Average | 2.656 % | £4,302 | £166,302 |
| 6 Month Average | 20.597 % | £33,367 | £195,367 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £253,238 | £250,000 | 2A MATFEN PLACE |
| 25 Apr 2023 | £252,721 | £250,000 | 13 MATFEN PLACE |
| 14 Feb 2023 | £264,822 | £265,000 | 6 MATFEN PLACE |
| 7 Feb 2023 | £259,825 | £260,000 | 14 MATFEN PLACE |
| 30 Nov 2022 | £612,580 | £620,000 | 216A WINGROVE ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 1 Jul 2015. Using an estimated price of £224,210 means this house is valued at £2,335 per sq meter (£216 per sq foot).
The average size of a house on HARTBURN PLACE is 141 sq meters (1,527 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Hartburn Place |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Hartburn Place |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hartburn Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wingrove Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Curtis Road |