£159,911
This estimated value is based upon the latest sale price for the house of £129,950 on 19 Aug 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 |
|---|---|
| £129,950 | 19 Aug 2019 |
| £118,000 | 15 May 2013 |
| Semi-Detached |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £129,950 results in an estimated price of approximately £159,911.
| 19 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £129,950 | £29,961 | £159,911 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 48.483 % | £63,004 | £192,954 |
| 3 Month Average | 12.084 % | £15,703 | £145,653 |
| 6 Month Average | 20.122 % | £26,148 | £156,098 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £101,245 | £99,950 | 8 MEADOW RISE |
| 30 Aug 2023 | £141,236 | £140,000 | 4 DEREHAM COURT |
| 28 Jul 2023 | £136,842 | £135,000 | 6 MEADOW RISE |
| 23 Jun 2023 | £39,478 | £39,000 | 1 MEADOW RISE |
| 16 Jun 2023 | £187,268 | £185,000 | 36 DEREHAM COURT |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 14 Dec 2012. Using an estimated price of £159,912 means this house is valued at £2,665 per sq meter (£247 per sq foot).
The average size of a house on DEREHAM COURT is 72 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dereham Court |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Dereham Court |
| Jan 2024 | Anti-social behaviour | On or near Dereham Court | |
| Jan 2024 | Anti-social behaviour | On or near Dereham Court | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dereham Court |