£195,447
This estimated value is based upon the latest sale price for the house of £163,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£163,000 | 21 Aug 2020 |
£159,995 | 9 Oct 2015 |
£159,995 | 9 Oct 2015 |
Semi-Detached |
Freehold |
Floor Area: 105 sq meters or 1,130 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 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £163,000 results in an estimated price of approximately £195,447.
21 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.9 | 148.6 | 19.907 % | £163,000 | £32,447 | £195,447 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | 16.105 % | £26,250 | £189,250 |
3 Month Average | 16.252 % | £26,491 | £189,491 |
6 Month Average | 15.557 % | £25,357 | £188,357 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Nov 2023 | £192,855 | £190,000 | 4 PALACE CLOSE |
9 Jun 2023 | £86,042 | £85,000 | 10 LAYGATE PLACE |
31 Mar 2023 | £151,427 | £150,000 | 17 PLESSEY WALK |
12 Aug 2022 | £154,584 | £155,000 | 15 PALACE CLOSE |
30 Jun 2022 | £101,433 | £100,000 | 5 REGENT COURT |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 13 Jun 2019. Using an estimated price of £195,448 means this house is valued at £1,861 per sq meter (£172 per sq foot).
The average size of a house on LAYGATE is 83 sq meters (903 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Palace Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Palace Close |
Jan 2024 | Public order | Under investigation | On or near Palace Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Laygate Place |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Laygate Place |