£224,167
This estimated value is based upon the latest sale price for the house of £154,995 on 15 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£154,995 | 15 Jun 2015 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 796 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 44.629%.Applying this 44.629% change to the original purchase price of £154,995 results in an estimated price of approximately £224,167.
15 Jun 2015 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 148.0 | 44.629 % | £154,995 | £69,172 | £224,167 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 13.187 % | £20,439 | £175,434 |
3 Month Average | 14.630 % | £22,676 | £177,671 |
6 Month Average | 6.708 % | £10,396 | £165,391 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Apr 2024 | £105,000 | £105,000 | 22 SURREY ROAD |
9 Sep 2022 | £204,513 | £207,000 | 12 BENEDICT LANE |
5 Jul 2022 | £259,649 | £260,000 | 27 BEDESWELL CLOSE |
24 Jun 2022 | £212,150 | £210,000 | 26 BENEDICT LANE |
12 Apr 2022 | £184,615 | £180,000 | 24 BENEDICT LANE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 14 May 2015. Using an estimated price of £224,167 means this house is valued at £3,029 per sq meter (£281 per sq foot).
The average size of a house on BEDESWELL CLOSE is 98 sq meters (1,055 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Benedict Lane |
Apr 2024 | Anti-social behaviour | On or near Bedeswell Close | |
Apr 2024 | Anti-social behaviour | On or near Bedeswell Close | |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bedeswell Close |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bedeswell Close |