£169,194
This estimated value is based upon the latest sale price for the house of £49,000 on 11 May 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,000 | 11 May 2001 |
| Semi-Detached |
| 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 May 2001 the House Price Index for TYNE AND WEAR was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £49,000 results in an estimated price of approximately £169,194.
| 11 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 149.7 | 245.295 % | £49,000 | £120,194 | £169,194 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 307.866 % | £150,854 | £199,854 |
| 3 Month Average | 224.947 % | £110,223 | £159,223 |
| 6 Month Average | 170.508 % | £83,548 | £132,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £143,156 | £140,000 | 24 MITFORD GARDENS |
| 30 Jun 2023 | £128,577 | £126,000 | 20 MITFORD GARDENS |
| 20 Apr 2023 | £122,287 | £120,000 | 7 CRAGSIDE GARDENS |
| 24 Mar 2023 | £133,225 | £131,000 | 32 ALWINTON GARDENS |
| 30 Nov 2022 | £117,451 | £118,000 | 46 CRAGSIDE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Meldon Gardens |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Meldon Gardens |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rothbury Gardens |
| Aug 2024 | Anti-social behaviour | On or near Belsay Gardens | |
| Aug 2024 | Anti-social behaviour | On or near Belsay Gardens |