£92,688
This estimated value is based upon the latest sale price for the house of £75,000 on 12 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£75,000 | 12 Dec 2019 |
£50,000 | 5 Feb 2007 |
Semi-Detached |
Freehold |
Floor Area: 62 sq meters or 667 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £75,000 results in an estimated price of approximately £92,688.
12 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.585 % | £75,000 | £17,688 | £92,688 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 10.170 % | £7,627 | £82,627 |
3 Month Average | 6.517 % | £4,887 | £79,887 |
6 Month Average | 7.833 % | £5,874 | £80,874 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 May 2024 | £115,000 | £115,000 | 12 BUTTERMERE CRESCENT |
1 Mar 2024 | £187,887 | £185,000 | 7 BRANDON CLOSE |
6 Oct 2023 | £87,999 | £86,000 | 39 LONG GAIR |
29 Sep 2023 | £81,803 | £80,000 | 25 LONG GAIR |
29 Sep 2023 | £170,764 | £167,000 | 58 STEPHENSON WAY |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 6 Nov 2019. Using an estimated price of £92,688 means this house is valued at £1,494 per sq meter (£138 per sq foot).
The average size of a house on LANGDALE CRESCENT is 114 sq meters (1,228 sq feet).
This house is the smallest in the street with a floor area of 62 sq meters (667 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Langdale Crescent |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Buttermere Crescent |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Buttermere Crescent |
Jun 2024 | Anti-social behaviour | On or near Buttermere Crescent | |
Jun 2024 | Anti-social behaviour | On or near Buttermere Crescent |