£168,639
This estimated value is based upon the latest sale price for the house of £117,995 on 25 Sep 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£117,995 | 25 Sep 2015 |
£117,995 | 25 Sep 2015 |
Terraced |
Freehold |
Floor Area: 71 sq meters or 764 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 September 2015 the House Price Index for TYNE AND WEAR was 104.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 42.921%.Applying this 42.921% change to the original purchase price of £117,995 results in an estimated price of approximately £168,639.
25 Sep 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.7 | 149.7 | 42.921 % | £117,995 | £50,644 | £168,639 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -20.943 % | £-24,711 | £93,283 |
3 Month Average | -11.414 % | £-13,468 | £104,526 |
6 Month Average | -2.468 % | £-2,912 | £115,082 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Nov 2023 | £79,519 | £77,500 | 36 REGENT COURT |
14 Nov 2023 | £194,949 | £190,000 | 4 PALACE CLOSE |
9 Jun 2023 | £86,738 | £85,000 | 10 LAYGATE PLACE |
16 Mar 2023 | £101,697 | £99,999 | 3 REGENT COURT |
12 Aug 2022 | £155,728 | £155,000 | 15 PALACE CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 1 Sep 2015. Using an estimated price of £168,639 means this house is valued at £2,375 per sq meter (£220 per sq foot).
The average size of a house on LAYGATE is 84 sq meters (906 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other crime | Under investigation | On or near Palace Close |
Jun 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Palace Close |
Jul 2024 | Burglary | Under investigation | On or near Trinity Walk |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Trinity Walk |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Trinity Walk |