£127,817
This estimated value is based upon the latest sale price for the house of £125,000 on 25 Sep 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Plessey Gardens
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| Price Paid | Date |
|---|---|
| £125,000 | 25 Sep 2023 |
| £121,000 | 1 Sep 2008 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £125,000 results in an estimated price of approximately £127,817.
| 25 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £125,000 | £2,817 | £127,817 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -52.354 % | £-65,441 | £59,558 |
| 3 Month Average | 0.478 % | £597 | £125,597 |
| 6 Month Average | 1.456 % | £1,819 | £126,819 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Aug 2024 | £61,000 | £61,000 | 197 VERNE ROAD |
| 25 Oct 2023 | £138,137 | £135,000 | 8 HARNHAM AVENUE |
| 25 Sep 2023 | £127,818 | £125,000 | 32 STANNINGTON ROAD |
| 17 Mar 2023 | £119,496 | £117,500 | 10 DENTON AVENUE |
| 5 Jan 2023 | £120,321 | £120,000 | 10 STAMFORDHAM AVENUE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 2 Sep 2020. Using an estimated price of £127,818 means this house is valued at £1,558 per sq meter (£144 per sq foot).
The average size of a house on STANNINGTON ROAD is 98 sq meters (1,056 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Investigation complete; no suspect identified | On or near Plessey Gardens |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Plessey Gardens |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Plessey Gardens |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Harnham Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Craster Road |