£104,761
This estimated value is based upon the latest sale price for the house of £86,000 on 16 Jul 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 |
|---|---|
| £86,000 | 16 Jul 2020 |
| Terraced |
| 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 July 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £86,000 results in an estimated price of approximately £104,761.
| 16 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £86,000 | £18,761 | £104,761 |
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 | 76.773 % | £66,024 | £152,024 |
| 3 Month Average | 27.419 % | £23,580 | £109,580 |
| 6 Month Average | 16.697 % | £14,359 | £100,359 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 May 2024 | £160,000 | £160,000 | 21 FIRFIELD ROAD |
| 23 Nov 2023 | £87,214 | £85,000 | 17 CYNCOPA WAY |
| 14 Sep 2023 | £116,058 | £113,500 | 250 PONTELAND ROAD |
| 28 Jun 2022 | £148,167 | £145,000 | 4 ALNMOUTH COURT |
| 4 May 2022 | £65,712 | £64,000 | FLAT 8 DERWENT HOUSE ALNMOUTH COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Cyncopa Way | |
| Jun 2024 | Anti-social behaviour | On or near Cyncopa Way | |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cyncopa Way |
| Apr 2024 | Anti-social behaviour | On or near Cyncopa Way | |
| Apr 2024 | Anti-social behaviour | On or near Cyncopa Way |