£150,797
This estimated value is based upon the latest sale price for the house of £122,000 on 27 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £122,000 | 27 Sep 2019 |
| £105,000 | 20 Nov 2006 |
| 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £122,000 results in an estimated price of approximately £150,797.
| 27 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £122,000 | £28,797 | £150,797 |
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 | 8.051 % | £9,822 | £131,822 |
| 3 Month Average | 8.285 % | £10,107 | £132,107 |
| 6 Month Average | 17.392 % | £21,217 | £143,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £221,927 | £220,000 | 16 FALSGRAVE PLACE |
| 15 Dec 2023 | £242,450 | £235,000 | 20 FALSGRAVE PLACE |
| 6 Oct 2023 | £119,719 | £117,000 | 11 NEWMIN WAY |
| 6 Sep 2023 | £132,930 | £130,000 | 45 ANCRUM WAY |
| 6 Apr 2023 | £285,337 | £280,000 | 41 BROADWAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Supermarket |
| Jun 2024 | Anti-social behaviour | On or near Supermarket |