£265,706
This estimated value is based upon the latest sale price for the house of £215,000 on 3 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£215,000 | 3 Dec 2019 |
£70,500 | 17 Aug 2007 |
Terraced |
Freehold |
Floor Area: 87 sq meters or 936 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £215,000 results in an estimated price of approximately £265,706.
3 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.585 % | £215,000 | £50,706 | £265,706 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 41.906 % | £90,098 | £305,098 |
3 Month Average | 21.415 % | £46,043 | £261,043 |
6 Month Average | 13.531 % | £29,091 | £244,091 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Apr 2024 | £443,854 | £440,000 | 42 HAZELDENE |
23 Nov 2023 | £359,116 | £350,000 | 47 HAZELDENE |
3 Nov 2023 | £365,272 | £356,000 | 22 HAZELDENE |
23 Jun 2023 | £429,099 | £420,500 | 3 HAZELDENE |
21 Jul 2022 | £282,834 | £280,000 | 43 HERMISTON |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 7 Jun 2016. Using an estimated price of £265,707 means this house is valued at £3,054 per sq meter (£283 per sq foot).
The average size of a house on HERMISTON is 103 sq meters (1,118 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Violence and sexual offences | Under investigation | On or near Hazeldene |
Oct 2024 | Possession of weapons | Under investigation | On or near Hillfield |
Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ivanhoe |
Jul 2024 | Public order | Under investigation | On or near Ivanhoe |
Aug 2024 | Anti-social behaviour | On or near Valley Gardens |