£131,662
This estimated value is based upon the latest sale price for the house of £127,175 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £127,175 | 4 Feb 2022 |
| £111,500 | 28 Oct 2019 |
| £96,000 | 26 Aug 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 86 sq meters or 925 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.529%.Applying this 3.529% change to the original purchase price of £127,175 results in an estimated price of approximately £131,662.
| 4 Feb 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 146.7 | 3.529 % | £127,175 | £4,487 | £131,662 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 26.204 % | £33,324 | £160,499 |
| 3 Month Average | 8.055 % | £10,244 | £137,419 |
| 6 Month Average | 26.390 % | £33,561 | £160,736 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 10 Jul 2019.
The average size of a house on SPOUT LANE is 123 sq meters (1,326 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Autumn Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Autumn Close |
| Dec 2023 | Shoplifting | Under investigation | On or near Autumn Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Liberty Green |
| Mar 2024 | Drugs | Under investigation | On or near Liberty Green |