£279,365
This estimated value is based upon the latest sale price for the house of £190,000 on 1 May 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 |
---|---|
£190,000 | 1 May 2015 |
£92,995 | 30 Jun 2000 |
Detached |
Freehold |
Floor Area: 99 sq meters or 1,065 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 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £190,000 results in an estimated price of approximately £279,365.
1 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 149.7 | 47.034 % | £190,000 | £89,365 | £279,365 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -32.110 % | £-61,009 | £128,990 |
3 Month Average | 0.092 % | £175 | £190,175 |
6 Month Average | 0.069 % | £130 | £190,130 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £281,139 | £272,500 | 25 CRESTA VIEW |
25 Aug 2023 | £292,271 | £287,000 | 31 LINGFIELD |
30 Jun 2023 | £270,419 | £265,000 | 3 LINGFIELD |
3 Jan 2023 | £235,630 | £235,000 | MANSTON GILLAS LANE EAST |
28 Oct 2022 | £277,075 | £278,000 | 47 CRESTA VIEW |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 30 Jan 2014. Using an estimated price of £279,365 means this house is valued at £2,821 per sq meter (£262 per sq foot).
The average size of a house on LINGFIELD is 131 sq meters (1,415 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Cresta View | |
Apr 2024 | Anti-social behaviour | On or near Cresta View | |
Apr 2024 | Anti-social behaviour | On or near Cresta View | |
Apr 2024 | Anti-social behaviour | On or near Cresta View | |
Jul 2024 | Vehicle crime | Under investigation | On or near Gillas Lane East |