£250,646
This estimated value is based upon the latest sale price for the house of £67,250 on 18 Aug 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £67,250 | 18 Aug 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 August 2000 the House Price Index for TYNE AND WEAR was 40.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 272.709%.Applying this 272.709% change to the original purchase price of £67,250 results in an estimated price of approximately £250,646.
| 18 Aug 2000 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 149.7 | 272.709 % | £67,250 | £183,396 | £250,646 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 642.884 % | £432,339 | £499,589 |
| 3 Month Average | 458.940 % | £308,637 | £375,887 |
| 6 Month Average | 436.674 % | £293,662 | £360,912 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2024 | £216,000 | £216,000 | 44 VILLAGE HEIGHTS |
| 13 Sep 2023 | £148,268 | £145,000 | 8 VILLAGE HEIGHTS |
| 30 Jun 2023 | £68,370 | £67,000 | 101 BENSHAM ROAD |
| 11 Nov 2022 | £219,971 | £221,000 | 31 VILLAGE HEIGHTS |
| 12 Aug 2022 | £133,223 | £132,600 | 11 VILLAGE HEIGHTS |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 22 May 2015. Using an estimated price of £250,647 means this house is valued at £3,133 per sq meter (£291 per sq foot).
The average size of a house on VILLAGE HEIGHTS is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Village Heights |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Village Heights |