£256,487
This estimated value is based upon the latest sale price for the house of £210,000 on 24 Oct 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 |
|---|---|
| £210,000 | 24 Oct 2019 |
| Freehold |
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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.137%.Applying this 22.137% change to the original purchase price of £210,000 results in an estimated price of approximately £256,487.
| 24 Oct 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.0 | 22.137 % | £210,000 | £46,487 | £256,487 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 210.469 % | £441,984 | £651,984 |
| 3 Month Average | 14.044 % | £29,492 | £239,492 |
| 6 Month Average | 30.594 % | £64,246 | £274,246 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £276,683 | £275,000 | 4 SUMMERHILL STREET |
| 13 Jun 2023 | £277,248 | £275,000 | 2 SUMMERHILL GROVE |
| 17 Apr 2023 | £392,920 | £390,000 | 13 SUMMERHILL STREET |
| 20 Sep 2022 | £262,804 | £266,000 | 217 - 219 WESTGATE ROAD |
| 20 Sep 2022 | £362,590 | £367,000 | FRANCIS HOUSE, 202 WESTGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near High Swinburne Place | |
| Apr 2024 | Anti-social behaviour | On or near Cross Villa Place No 4 | |
| Feb 2024 | Burglary | Awaiting court outcome | On or near Cross Villa Place No 4 |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Greenfield Place |
| Apr 2024 | Anti-social behaviour | On or near Greenfield Place |