£78,121
This estimated value is based upon the latest sale price for the house of £42,000 on 12 Feb 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £42,000 | 12 Feb 2009 |
| Flats/Maisonettes |
| Leasehold |
| 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 February 2009 the House Price Index for TYNE AND WEAR was 80.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.003%.Applying this 86.003% change to the original purchase price of £42,000 results in an estimated price of approximately £78,121.
| 12 Feb 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 149.7 | 86.003 % | £42,000 | £36,121 | £78,121 |
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 | 73.041 % | £30,677 | £72,677 |
| 3 Month Average | 78.166 % | £32,829 | £74,829 |
| 6 Month Average | 43.961 % | £18,463 | £60,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £92,858 | £90,501 | 15 COVENTRY GARDENS |
| 27 Oct 2023 | £174,974 | £171,000 | 29 EASTGATE GARDENS |
| 29 Aug 2023 | £122,204 | £120,000 | 24 EASTGATE GARDENS |
| 29 Aug 2023 | £44,808 | £44,000 | 466 ELSWICK ROAD |
| 18 Aug 2023 | £112,020 | £110,000 | 4 EASTGATE GARDENS |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 11 May 2012. Using an estimated price of £78,121 means this house is valued at £1,260 per sq meter (£117 per sq foot).
The average size of a house on ELSWICK ROAD is 70 sq meters (763 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Under investigation | On or near Eastgate Gardens |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Eastgate Gardens |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Eastgate Gardens |
| Aug 2024 | Public order | Under investigation | On or near Eastgate Gardens |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dipton Avenue |