£482,722
This estimated value is based upon the latest sale price for the house of £300,000 on 17 Jan 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £300,000 | 17 Jan 2014 |
| £300,000 | 31 Jul 2003 |
| Detached |
| Freehold |
| Floor Area: 156 sq meters or 1,679 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 January 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £300,000 results in an estimated price of approximately £482,722.
| 17 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 149.7 | 60.908 % | £300,000 | £182,722 | £482,722 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 15.874 % | £47,621 | £347,621 |
| 3 Month Average | 33.026 % | £99,076 | £399,076 |
| 6 Month Average | 12.486 % | £37,457 | £337,457 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £232,015 | £230,000 | 31 SPOUT LANE |
| 23 Nov 2023 | £949,092 | £925,000 | CHANTRY HOUSE VILLAGE LANE |
| 28 Apr 2023 | £402,529 | £395,000 | 18 LIBERTY GREEN |
| 24 Jun 2022 | £265,679 | £260,000 | THE LODGE DAME MARGARET HALL THE AVENUE |
| 4 Feb 2022 | £134,355 | £127,175 | 22 SPOUT LANE |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 22 Jan 2013. Using an estimated price of £482,723 means this house is valued at £3,094 per sq meter (£287 per sq foot).
The average size of a house on LIBERTY GREEN is 150 sq meters (1,618 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green | |
| Jul 2024 | Anti-social behaviour | On or near Liberty Green |