£164,989
This estimated value is based upon the latest sale price for the house of £88,000 on 11 Apr 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 11 Apr 2005 |
| £80,000 | 2 Jul 2001 |
| Semi-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 April 2005 the House Price Index for TYNE AND WEAR was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.488%.Applying this 87.488% change to the original purchase price of £88,000 results in an estimated price of approximately £164,989.
| 11 Apr 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 149.7 | 87.488 % | £88,000 | £76,989 | £164,989 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 31.136 % | £27,399 | £115,399 |
| 3 Month Average | 78.182 % | £68,799 | £156,799 |
| 6 Month Average | 61.829 % | £54,409 | £142,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Aug 2024 | £61,000 | £61,000 | 197 VERNE ROAD |
| 5 Dec 2023 | £144,438 | £140,000 | 6 KNARSDALE AVENUE |
| 25 Sep 2023 | £127,818 | £125,000 | 32 STANNINGTON ROAD |
| 4 Aug 2023 | £91,653 | £90,000 | 36 REDESDALE GROVE |
| 5 Jan 2023 | £120,321 | £120,000 | 10 STAMFORDHAM AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Avenue |
| Oct 2024 | Public order | Awaiting court outcome | On or near Stamfordham Avenue |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Avenue |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stamfordham Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Craster Road |