£154,226
This estimated value is based upon the latest sale price for the house of £139,950 on 28 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £139,950 | 28 Oct 2021 |
| £131,995 | 28 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £139,950 results in an estimated price of approximately £154,226.
| 28 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.0 | 10.201 % | £139,950 | £14,276 | £154,226 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -30.774 % | £-43,068 | £96,881 |
| 3 Month Average | -10.829 % | £-15,155 | £124,794 |
| 6 Month Average | 8.100 % | £11,336 | £151,286 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £188,419 | £186,000 | 12 ELDER GROVE |
| 21 Jun 2023 | £166,349 | £165,000 | 63 FIRFIELD ROAD |
| 31 Mar 2023 | £168,913 | £168,000 | 61 FIRFIELD ROAD |
| 24 Feb 2023 | £176,664 | £177,500 | 65 FIRFIELD ROAD |
| 7 Feb 2023 | £154,270 | £155,000 | 68 MAGNOLIA DRIVE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 12 Jun 2018. Using an estimated price of £154,226 means this house is valued at £2,448 per sq meter (£227 per sq foot).
The average size of a house on FIRFIELD ROAD is 73 sq meters (795 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Holden Place |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Holden Place |
| Apr 2024 | Other theft | Under investigation | On or near Wilbury Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wilbury Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wilbury Place |