£273,921
This estimated value is based upon the latest sale price for the house of £88,950 on 12 Feb 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£88,950 | 12 Feb 2002 |
£88,950 | 12 Feb 2002 |
Semi-Detached |
Freehold |
Floor Area: 87 sq meters or 936 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 February 2002 the House Price Index for TYNE AND WEAR was 48.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 207.949%.Applying this 207.949% change to the original purchase price of £88,950 results in an estimated price of approximately £273,921.
12 Feb 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
48.3 | 148.6 | 207.949 % | £88,950 | £184,971 | £273,921 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 167.103 % | £148,638 | £237,588 |
3 Month Average | 150.425 % | £133,803 | £222,753 |
6 Month Average | 193.364 % | £171,997 | £260,947 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £580,151 | £570,000 | SEVCON LTD EIGHTH AVENUE |
10 Nov 2023 | £761,271 | £750,000 | VALLEY HOUSE SEVENTH AVENUE |
22 Sep 2023 | £60,777 | £60,000 | UNIT L BLOCK 321 MAYORAL WAY |
4 Aug 2023 | £213,871 | £212,000 | 7 LADYPARK |
30 Jun 2023 | £80,981 | £80,000 | UNIT 383A JEDBURGH COURT |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 3 Dec 2013. Using an estimated price of £273,921 means this house is valued at £3,148 per sq meter (£292 per sq foot).
The average size of a house on LADYPARK is 144 sq meters (1,550 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other crime | Under investigation | On or near Banesley Lane |
Jan 2024 | Anti-social behaviour | On or near Banesley Lane | |
Jan 2024 | Anti-social behaviour | On or near Banesley Lane | |
Jan 2024 | Anti-social behaviour | On or near Banesley Lane | |
Dec 2023 | Anti-social behaviour | On or near Banesley Lane |