£146,060
This estimated value is based upon the latest sale price for the house of £115,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £115,000 | 18 Aug 2017 |
| £30,000 | 2 Jul 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2017 the House Price Index for TYNE AND WEAR was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £115,000 results in an estimated price of approximately £146,060.
| 18 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.0 | 148.6 | 27.009 % | £115,000 | £31,060 | £146,060 |
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 | 22.175 % | £25,501 | £140,501 |
| 3 Month Average | 8.865 % | £10,194 | £125,194 |
| 6 Month Average | 23.745 % | £27,306 | £142,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Feb 2023 | £168,387 | £168,500 | 12 BOWNESS PLACE |
| 30 Jun 2022 | £156,968 | £154,750 | 1 GLENRIDDING CLOSE |
| 25 Feb 2022 | £178,278 | £170,000 | 1 TORVER PLACE |
| 31 Jan 2022 | £68,354 | £64,950 | 57 KENDAL CRESCENT |
| 29 Nov 2021 | £51,913 | £48,000 | 15 BEACON LOUGH ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 15 May 2017. Using an estimated price of £146,060 means this house is valued at £2,000 per sq meter (£185 per sq foot).
The average size of a house on BEACON LOUGH ROAD is 81 sq meters (875 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bowness Place |
| Feb 2024 | Other crime | Under investigation | On or near Bowness Place |
| Jan 2024 | Public order | Under investigation | On or near Bowness Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bowness Place |
| Dec 2023 | Anti-social behaviour | On or near Bowness Place |