£199,345
This estimated value is based upon the latest sale price for the house of £119,995 on 29 Aug 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £119,995 | 29 Aug 2008 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 656 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 August 2008 the House Price Index for TYNE AND WEAR was 88.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 66.128%.Applying this 66.128% change to the original purchase price of £119,995 results in an estimated price of approximately £199,345.
| 29 Aug 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 146.7 | 66.128 % | £119,995 | £79,350 | £199,345 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 1.763 % | £2,116 | £122,111 |
| 3 Month Average | 7.019 % | £8,422 | £128,417 |
| 6 Month Average | 16.071 % | £19,284 | £139,279 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 26 Nov 2018.
The average size of a house on SHIPTON LANE is 57 sq meters (614 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dowding Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ponteland Road |
| Feb 2024 | Robbery | Under investigation | On or near Ponteland Road |
| Jan 2024 | Public order | Under investigation | On or near Ponteland Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Highland Road |