£529,671
This estimated value is based upon the latest sale price for the house of £318,000 on 28 Jun 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Broomfield Road
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| Price Paid | Date |
|---|---|
| £318,000 | 28 Jun 2013 |
| £269,000 | 16 Jun 2006 |
| £235,000 | 13 Dec 2002 |
| £162,500 | 24 May 2001 |
| £105,300 | 31 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 June 2013 the House Price Index for TYNE AND WEAR was 89.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.563%.Applying this 66.563% change to the original purchase price of £318,000 results in an estimated price of approximately £529,671.
| 28 Jun 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 148.6 | 66.563 % | £318,000 | £211,671 | £529,671 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 35.614 % | £113,253 | £431,253 |
| 3 Month Average | 20.257 % | £64,417 | £382,417 |
| 6 Month Average | 27.185 % | £86,447 | £404,447 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2023 | £124,508 | £123,000 | 191 SALTERS ROAD |
| 24 Mar 2023 | £406,328 | £402,500 | 9 MAYFIELD ROAD |
| 24 Mar 2023 | £149,408 | £148,000 | 35 BROOMFIELD ROAD |
| 24 Mar 2023 | £149,408 | £148,000 | 33 BROOMFIELD ROAD |
| 24 Nov 2022 | £167,965 | £170,000 | 10 BROOMFIELD ROAD |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 25 Jan 2013. Using an estimated price of £529,671 means this house is valued at £4,012 per sq meter (£372 per sq foot).
The average size of a house on MAYFIELD ROAD is 154 sq meters (1,658 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Broomfield Road |
| Mar 2024 | Shoplifting | Awaiting court outcome | On or near Broomfield Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Broomfield Road |
| Feb 2024 | Anti-social behaviour | On or near North Avenue | |
| Feb 2024 | Anti-social behaviour | On or near North Avenue |