£196,290
This estimated value is based upon the latest sale price for the house of £162,500 on 21 Aug 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 |
|---|---|
| £162,500 | 21 Aug 2020 |
| Semi-Detached |
| Freehold |
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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £162,500 results in an estimated price of approximately £196,290.
| 21 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £162,500 | £33,790 | £196,290 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 43.678 % | £70,976 | £233,476 |
| 3 Month Average | 0.496 % | £805 | £163,305 |
| 6 Month Average | -3.590 % | £-5,833 | £156,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £113,748 | £112,000 | 1 BROADMEADOWS |
| 29 Nov 2023 | £223,165 | £217,500 | 77 BROADMEADOWS |
| 21 Nov 2023 | £464,798 | £453,000 | 10 DRUMOYNE CLOSE |
| 2 Jun 2023 | £382,669 | £375,000 | 16 MEADOW LANE |
| 21 Apr 2023 | £300,623 | £295,000 | 20 LONGMEADOWS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Broadmeadows | |
| Jun 2024 | Anti-social behaviour | On or near Broadmeadows | |
| Jul 2024 | Other theft | Under investigation | On or near Meadow Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Drumoyne Close |
| May 2024 | Public order | Under investigation | On or near Drumoyne Close |