£123,484
This estimated value is based upon the latest sale price for the house of £99,000 on 11 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £99,000 | 11 May 2018 |
| £105,000 | 27 Apr 2018 |
| £87,000 | 17 Aug 2012 |
| £88,000 | 3 Dec 2010 |
| £66,000 | 11 Oct 2002 |
| £40,500 | 2 Jul 1999 |
| £39,500 | 30 Jun 1995 |
| Terraced |
| Leasehold |
| Floor Area: 96 sq meters or 1,033 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £99,000 results in an estimated price of approximately £123,484.
| 11 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £99,000 | £24,484 | £123,484 |
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 | 10.919 % | £10,809 | £109,809 |
| 3 Month Average | 5.952 % | £5,892 | £104,892 |
| 6 Month Average | 14.347 % | £14,203 | £113,203 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £101,245 | £99,950 | 8 MEADOW RISE |
| 30 Aug 2023 | £141,236 | £140,000 | 4 DEREHAM COURT |
| 28 Jul 2023 | £136,842 | £135,000 | 6 MEADOW RISE |
| 23 Jun 2023 | £39,478 | £39,000 | 1 MEADOW RISE |
| 16 Jun 2023 | £187,268 | £185,000 | 36 DEREHAM COURT |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 18 May 2016. Using an estimated price of £123,485 means this house is valued at £1,286 per sq meter (£119 per sq foot).
The average size of a house on MEADOW RISE is 56 sq meters (605 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Felthorpe Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dereham Court |
| Jan 2024 | Anti-social behaviour | On or near Dereham Court | |
| Jan 2024 | Anti-social behaviour | On or near Dereham Court | |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Dereham Court |