£139,750
This estimated value is based upon the latest sale price for the house of £70,250 on 14 May 2004. 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 |
|---|---|
| £70,250 | 14 May 2004 |
| £30,000 | 29 Mar 1996 |
| Terraced |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2004 the House Price Index for TYNE AND WEAR was 73.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 98.933%.Applying this 98.933% change to the original purchase price of £70,250 results in an estimated price of approximately £139,750.
| 14 May 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 146.7 | 98.933 % | £70,250 | £69,500 | £139,750 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -19.964 % | £-14,024 | £56,225 |
| 3 Month Average | 8.032 % | £5,642 | £75,892 |
| 6 Month Average | 30.027 % | £21,093 | £91,343 |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 18 Apr 2019.
The average size of a house on LICHFIELD WAY is 70 sq meters (762 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lancaster Way | |
| Mar 2024 | Anti-social behaviour | On or near Lancaster Way | |
| Mar 2024 | Anti-social behaviour | On or near Lancaster Way | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Lancaster Way |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lancaster Way |