£272,055
This estimated value is based upon the latest sale price for the house of £162,500 on 18 Jun 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £162,500 | 18 Jun 2010 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,201 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 June 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.419%.Applying this 67.419% change to the original purchase price of £162,500 results in an estimated price of approximately £272,055.
| 18 Jun 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 146.7 | 67.419 % | £162,500 | £109,555 | £272,055 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 9.536 % | £15,495 | £177,995 |
| 3 Month Average | 13.962 % | £22,687 | £185,187 |
| 6 Month Average | 41.861 % | £68,023 | £230,523 |
This house has a floor area of 111 sq meters or 1,201 sq feet when measured on 5 Oct 2009.
The average size of a house on THE CHASE is 168 sq meters (1,811 sq feet).
This house is the smallest in the street with a floor area of 111 sq meters (1,201 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Chase |
| Feb 2024 | Other crime | Under investigation | On or near Hope Shield |
| Mar 2024 | Anti-social behaviour | On or near Vigo Lane | |
| Mar 2024 | Anti-social behaviour | On or near Vigo Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vigo Lane |