£38,024
This estimated value is based upon the latest sale price for the house of £12,500 on 19 Mar 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Edison Gardens
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| Price Paid | Date |
|---|---|
| £12,500 | 19 Mar 2002 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 60 sq meters or 645 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 March 2002 the House Price Index for TYNE AND WEAR was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £12,500 results in an estimated price of approximately £38,024.
| 19 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £12,500 | £25,524 | £38,024 |
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 | 503.819 % | £62,977 | £75,477 |
| 3 Month Average | 368.232 % | £46,029 | £58,529 |
| 6 Month Average | 360.891 % | £45,111 | £57,611 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £99,500 | £99,500 | 44 EDISON GARDENS |
| 17 May 2024 | £133,000 | £133,000 | 22 EDISON GARDENS |
| 24 Nov 2023 | £135,438 | £132,000 | 3 FIELD HOUSE ROAD |
| 24 Nov 2023 | £231,631 | £225,751 | 29 BRIGHTON GARDENS |
| 25 Aug 2023 | £106,929 | £105,000 | 407 BRIGHTON ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 5 May 2012. Using an estimated price of £38,025 means this house is valued at £633 per sq meter (£58 per sq foot).
The average size of a house on BRIGHTON ROAD is 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Edison Gardens |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Edison Gardens |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fern Dene Road |
| Sep 2024 | Anti-social behaviour | On or near Fern Dene Road | |
| Sep 2024 | Anti-social behaviour | On or near Fern Dene Road |