£318,958
This estimated value is based upon the latest sale price for the house of £57,250 on 29 Mar 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £57,250 | 29 Mar 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 March 1996 the House Price Index for TYNE AND WEAR was 26.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 457.133%.Applying this 457.133% change to the original purchase price of £57,250 results in an estimated price of approximately £318,958.
| 29 Mar 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.3 | 146.7 | 457.133 % | £57,250 | £261,708 | £318,958 |
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 | 244.613 % | £140,040 | £197,290 |
| 3 Month Average | 241.249 % | £138,115 | £195,365 |
| 6 Month Average | 277.495 % | £158,866 | £216,116 |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 10 Oct 2012.
The average size of a house on FAWDON LANE is 108 sq meters (1,166 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Shoplifting | Under investigation | On or near Fawdon Lane |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fawdon Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Larchwood Avenue |
| Dec 2023 | Other crime | Under investigation | On or near Larchwood Avenue |
| Mar 2024 | Anti-social behaviour | On or near Mapledene Road |