£147,481
This estimated value is based upon the latest sale price for the house of £145,000 on 19 May 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 19 May 2023 |
| £89,950 | 2 Dec 2016 |
| £87,750 | 21 Dec 2009 |
| £29,950 | 26 Jul 1999 |
| £23,000 | 21 Dec 1995 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 980 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 May 2023 the House Price Index for TYNE AND WEAR was 146.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.711%.Applying this 1.711% change to the original purchase price of £145,000 results in an estimated price of approximately £147,481.
| 19 May 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.6 | 1.711 % | £145,000 | £2,481 | £147,481 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -16.692 % | £-24,202 | £120,797 |
| 3 Month Average | -10.461 % | £-15,168 | £129,831 |
| 6 Month Average | 2.943 % | £4,267 | £149,267 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £96,428 | £95,000 | 30 AYCLIFFE CRESCENT |
| 30 Aug 2023 | £61,538 | £61,000 | 110 SPRINGWELL ROAD |
| 17 Aug 2023 | £162,421 | £161,000 | 87 SPRINGWELL ROAD |
| 2 Aug 2023 | £47,415 | £47,000 | 7 WINGATE GARDENS |
| 3 Jul 2023 | £81,091 | £80,000 | 131 SPRINGWELL ROAD |
This house has a floor area of 91 sq meters or 980 sq feet when measured on 1 Oct 2009.
The average size of a house on LANCHESTER AVENUE is 94 sq meters (1,017 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Whitburn Gardens |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Trimdon Grove |
| Feb 2024 | Criminal damage and arson | Awaiting court outcome | On or near Trimdon Grove |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Trimdon Grove |
| Jan 2024 | Public order | Under investigation | On or near Trimdon Grove |