£285,150
This estimated value is based upon the latest sale price for the house of £163,000 on 31 Oct 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 |
---|---|
£163,000 | 31 Oct 2008 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 October 2008 the House Price Index for TYNE AND WEAR was 84.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.939%.Applying this 74.939% change to the original purchase price of £163,000 results in an estimated price of approximately £285,150.
31 Oct 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
84.9 | 148.6 | 74.939 % | £163,000 | £122,150 | £285,150 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -7.657 % | £-12,481 | £150,518 |
3 Month Average | 21.317 % | £34,746 | £197,746 |
6 Month Average | 24.597 % | £40,093 | £203,093 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Aug 2023 | £206,809 | £205,000 | 38 MONARCH COURT |
23 Mar 2023 | £151,427 | £150,000 | 7 CONSORT PLACE |
30 Jan 2023 | £233,898 | £235,000 | 36 MONARCH COURT |
14 Oct 2022 | £217,656 | £220,000 | 18 GREYFRIARS LANE |
30 Jun 2022 | £152,150 | £150,000 | 15 CARRIGILL DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 12 Sep 2018. Using an estimated price of £285,151 means this house is valued at £4,073 per sq meter (£378 per sq foot).
The average size of a house on GREYFRIARS LANE is 80 sq meters (864 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Violence and sexual offences | Under investigation | On or near Greyfriars Lane |
Mar 2024 | Anti-social behaviour | On or near Consort Place | |
Mar 2024 | Anti-social behaviour | On or near Consort Place | |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Consort Place |
Dec 2023 | Other crime | Under investigation | On or near Consort Place |