£216,068
This estimated value is based upon the latest sale price for the house of £185,000 on 6 Nov 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 |
---|---|
£185,000 | 6 Nov 2020 |
£116,000 | 23 May 2012 |
Terraced |
Freehold |
Floor Area: 115 sq meters or 1,241 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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £185,000 results in an estimated price of approximately £216,068.
6 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
128.2 | 149.7 | 16.794 % | £185,000 | £31,068 | £216,068 |
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 | 15.991 % | £29,583 | £214,583 |
3 Month Average | 15.533 % | £28,736 | £213,736 |
6 Month Average | -1.013 % | £-1,873 | £183,126 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2022 | £244,184 | £245,000 | 28 STOCKSFIELD AVENUE |
21 Jan 2022 | £212,040 | £200,000 | 13 STOCKSFIELD AVENUE |
26 Nov 2021 | £339,930 | £312,000 | 39 TWO BALL LONNEN |
26 Oct 2021 | £191,723 | £172,000 | 10 STOCKSFIELD AVENUE |
13 Aug 2021 | £339,410 | £302,000 | 34 LEMINGTON GARDENS |
This house has a floor area of 115 sq meters or 1,241 sq feet when measured on 26 Sep 2011. Using an estimated price of £216,068 means this house is valued at £1,872 per sq meter (£173 per sq foot).
The average size of a house on LEMINGTON GARDENS is 141 sq meters (1,528 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Lemington Gardens |
Jun 2024 | Other crime | Under investigation | On or near Stocksfield Avenue |
Jun 2024 | Anti-social behaviour | On or near Stocksfield Avenue | |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Stocksfield Avenue |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stocksfield Avenue |