£115,808
This estimated value is based upon the latest sale price for the house of £100,000 on 14 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 14 Oct 2020 |
| £85,000 | 25 Jan 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 15.808%.Applying this 15.808% change to the original purchase price of £100,000 results in an estimated price of approximately £115,808.
| 14 Oct 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 146.7 | 15.808 % | £100,000 | £15,808 | £115,808 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -13.971 % | £-13,970 | £86,029 |
| 3 Month Average | -48.798 % | £-48,797 | £51,202 |
| 6 Month Average | -19.368 % | £-19,368 | £80,631 |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 30 Jul 2019.
The average size of a house on BURNWAY is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Burnway |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Burnway |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Burnway |
| Jan 2024 | Drugs | Offender given a caution | On or near Burnway |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Saddleback |