£122,633
This estimated value is based upon the latest sale price for the house of £105,000 on 13 Nov 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,000 | 13 Nov 2020 |
| Flats/Maisonettes |
| Leasehold |
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 November 2020 the House Price Index for TYNE AND WEAR was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £105,000 results in an estimated price of approximately £122,633.
| 13 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £105,000 | £17,633 | £122,633 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 15.991 % | £16,790 | £121,790 |
| 3 Month Average | 15.533 % | £16,310 | £121,310 |
| 6 Month Average | -1.013 % | £-1,063 | £103,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £124,495 | £122,000 | 27 GLENHURST DRIVE |
| 16 Jun 2023 | £270,419 | £265,000 | 4 GREENWAY |
| 27 Mar 2023 | £198,312 | £195,000 | 17 GREYSTEAD CLOSE |
| 17 Feb 2023 | £179,197 | £178,000 | 16 GARNER CLOSE |
| 10 Feb 2023 | £116,780 | £116,000 | 42 GREENWAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Glendale Close |
| May 2024 | Possession of weapons | Offender given a caution | On or near Glendale Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glenhurst Drive |
| Jul 2024 | Anti-social behaviour | On or near Cygnet Close | |
| Jun 2024 | Anti-social behaviour | On or near Cygnet Close |