£215,439
This estimated value is based upon the latest sale price for the house of £95,500 on 28 Oct 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,500 | 28 Oct 2003 |
| £43,500 | 25 Sep 2000 |
| Terraced |
| Freehold |
| Floor Area: 59 sq meters or 642 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 October 2003 the House Price Index for TYNE AND WEAR was 66.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 125.591%.Applying this 125.591% change to the original purchase price of £95,500 results in an estimated price of approximately £215,439.
| 28 Oct 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 149.7 | 125.591 % | £95,500 | £119,939 | £215,439 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 171.493 % | £163,775 | £259,275 |
| 3 Month Average | 146.716 % | £140,113 | £235,613 |
| 6 Month Average | 129.681 % | £123,845 | £219,345 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2024 | £216,000 | £216,000 | 44 VILLAGE HEIGHTS |
| 13 Sep 2023 | £148,268 | £145,000 | 8 VILLAGE HEIGHTS |
| 30 Jun 2023 | £68,370 | £67,000 | 101 BENSHAM ROAD |
| 11 Nov 2022 | £219,971 | £221,000 | 31 VILLAGE HEIGHTS |
| 12 Aug 2022 | £133,223 | £132,600 | 11 VILLAGE HEIGHTS |
This house has a floor area of 59 sq meters or 642 sq feet when measured on 4 Jan 2012. Using an estimated price of £215,439 means this house is valued at £3,609 per sq meter (£335 per sq foot).
The average size of a house on VILLAGE HEIGHTS is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Village Heights |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Village Heights |