£141,588
This estimated value is based upon the latest sale price for the house of £93,500 on 1 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £93,500 | 1 Aug 2014 |
| £50,000 | 3 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £93,500 results in an estimated price of approximately £141,588.
| 1 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £93,500 | £48,088 | £141,588 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 25.735 % | £24,062 | £117,562 |
| 3 Month Average | 7.743 % | £7,240 | £100,740 |
| 6 Month Average | 17.167 % | £16,051 | £109,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £155,216 | £152,500 | 37 BOWNESS ROAD |
| 16 Jun 2023 | £202,452 | £200,000 | 25 REDEWOOD CLOSE |
| 7 Oct 2022 | £123,668 | £125,000 | 69 REDEWOOD CLOSE |
| 19 Aug 2022 | £119,678 | £120,000 | 47 REDEWOOD CLOSE |
| 22 Jul 2022 | £179,984 | £179,500 | 102 REDEWOOD CLOSE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 19 Aug 2014. Using an estimated price of £141,589 means this house is valued at £1,401 per sq meter (£130 per sq foot).
The average size of a house on BOWNESS ROAD is 113 sq meters (1,223 sq feet).
This house is the largest in the street with a floor area of 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Bowness Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bowness Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bowness Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bowness Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bowness Road |