£220,672
This estimated value is based upon the latest sale price for the house of £169,000 on 6 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £169,000 | 6 Mar 2017 |
| £58,000 | 31 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 133 sq meters or 1,431 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 March 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £169,000 results in an estimated price of approximately £220,672.
| 6 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 149.7 | 30.575 % | £169,000 | £51,672 | £220,672 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 16.745 % | £28,299 | £197,299 |
| 3 Month Average | 31.507 % | £53,246 | £222,246 |
| 6 Month Average | 24.959 % | £42,180 | £211,180 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 May 2024 | £82,500 | £82,500 | 20 BURWELL AVENUE |
| 15 Dec 2023 | £139,280 | £135,000 | 22 MILL HILL ROAD |
| 8 Dec 2023 | £206,340 | £200,000 | 10 COLTON ROW |
| 3 Nov 2023 | £138,516 | £135,000 | 9 MORLEY HILL ROAD |
| 21 Mar 2023 | £122,038 | £120,000 | 5 MORLEY HILL ROAD |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 16 Aug 2016. Using an estimated price of £220,672 means this house is valued at £1,659 per sq meter (£154 per sq foot).
The average size of a house on MILL HILL ROAD is 91 sq meters (989 sq feet).
This house is the largest in the street with a floor area of 133 sq meters (1,431 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Hill Road |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Morley Hill Road |
| Aug 2024 | Other theft | Under investigation | On or near Morley Hill Road |
| Sep 2024 | Drugs | Under investigation | On or near Stoneylea Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Centurion Road |