£215,050
This estimated value is based upon the latest sale price for the house of £206,000 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£206,000 | 25 Mar 2022 |
£179,995 | 16 Jan 2017 |
Semi-Detached |
Leasehold |
Floor Area: 98 sq meters or 1,054 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 March 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £206,000 results in an estimated price of approximately £215,050.
25 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 149.7 | 4.393 % | £206,000 | £9,050 | £215,050 |
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 | 12.843 % | £26,456 | £232,456 |
3 Month Average | 15.747 % | £32,438 | £238,438 |
6 Month Average | 13.604 % | £28,023 | £234,023 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £239,682 | £236,000 | 20 KIRKLAND CHASE |
15 Dec 2023 | £172,294 | £167,000 | 86 LAZONBY WAY |
15 Nov 2023 | £170,324 | £166,000 | 6 ASHGILL MEWS |
20 Oct 2023 | £179,067 | £175,000 | 5 LAZONBY WAY |
8 Sep 2023 | £217,801 | £213,000 | 22 KIRKLAND CHASE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 23 Nov 2016. Using an estimated price of £215,050 means this house is valued at £2,194 per sq meter (£203 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Other theft | Under investigation | On or near Furness Grove |
Oct 2024 | Violence and sexual offences | Under investigation | On or near Furness Grove |
Oct 2024 | Theft from the person | Under investigation | On or near Police Station |
Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Police Station |
Sep 2024 | Drugs | Awaiting court outcome | On or near Police Station |