£323,800
This estimated value is based upon the latest sale price for the house of £150,000 on 21 Jan 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 21 Jan 2004 |
| £150,000 | 21 Jan 2004 |
| Flats/Maisonettes |
| Leasehold |
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 January 2004 the House Price Index for TYNE AND WEAR was 69.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 115.867%.Applying this 115.867% change to the original purchase price of £150,000 results in an estimated price of approximately £323,800.
| 21 Jan 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 69.3 | 149.7 | 115.867 % | £150,000 | £173,800 | £323,800 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 204.871 % | £307,306 | £457,306 |
| 3 Month Average | 86.874 % | £130,311 | £280,311 |
| 6 Month Average | 79.681 % | £119,521 | £269,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £235,000 | £235,000 | 2 HAREWOOD CLOSE |
| 2 Aug 2024 | £240,000 | £240,000 | 25 WANSFORD WAY |
| 26 Apr 2024 | £199,734 | £198,000 | 24 WYNDLEY CLOSE |
| 7 Nov 2023 | £384,767 | £375,000 | 18 BURNTHOUSE LANE |
| 21 Feb 2023 | £266,782 | £265,000 | 26 HAREWOOD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Regent Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Broadway |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Grange Farm Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Blaxton Place |