£239,187
This estimated value is based upon the latest sale price for the house of £170,000 on 12 Oct 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,000 | 12 Oct 2015 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 October 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £170,000 results in an estimated price of approximately £239,187.
| 12 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £170,000 | £69,187 | £239,187 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | -1.962 % | £-3,334 | £166,665 |
| 3 Month Average | 25.962 % | £44,135 | £214,135 |
| 6 Month Average | 22.811 % | £38,778 | £208,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £274,808 | £270,000 | 4 POWBURN GARDENS |
| 1 Dec 2023 | £335,877 | £330,000 | 58 FENHAM HALL DRIVE |
| 17 Nov 2023 | £293,343 | £289,000 | 20 SIMONBURN AVENUE |
| 29 Sep 2023 | £253,238 | £250,000 | 16 KINGSWAY |
| 23 Jun 2023 | £141,717 | £140,000 | 54A FENHAM HALL DRIVE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 11 Jun 2015. Using an estimated price of £239,188 means this house is valued at £2,135 per sq meter (£198 per sq foot).
The average size of a house on KINGSWAY is 119 sq meters (1,288 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Powburn Gardens |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kingsway |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Kingsway |