£178,335
This estimated value is based upon the latest sale price for the house of £175,000 on 3 Apr 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 3 Apr 2023 |
| Flats/Maisonettes |
| Leasehold |
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 April 2023 the House Price Index for TYNE AND WEAR was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £175,000 results in an estimated price of approximately £178,335.
| 3 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £175,000 | £3,335 | £178,335 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -33.858 % | £-59,250 | £115,749 |
| 3 Month Average | -6.973 % | £-12,203 | £162,796 |
| 6 Month Average | -4.376 % | £-7,658 | £167,341 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £130,000 | £130,000 | 53 HEPSCOTT DRIVE |
| 9 Apr 2024 | £620,387 | £615,000 | 3 HEPSCOTT DRIVE |
| 5 Dec 2023 | £737,667 | £715,000 | 4 COLSTON WAY |
| 30 Oct 2023 | £367,343 | £359,000 | 24 VALLEY GARDENS |
| 11 Sep 2023 | £536,834 | £525,000 | 20 HEPSCOTT DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near The Chesters |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near The Chesters |
| Oct 2024 | Drugs | Investigation complete; no suspect identified | On or near The Green |
| Oct 2024 | Drugs | Under investigation | On or near The Green |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near The Green |