£323,312
This estimated value is based upon the latest sale price for the house of £258,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £258,000 | 22 Jun 2018 |
| £54,500 | 27 Mar 2002 |
| 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £258,000 results in an estimated price of approximately £323,312.
| 22 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £258,000 | £65,312 | £323,312 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -9.610 % | £-24,792 | £233,207 |
| 3 Month Average | 2.744 % | £7,080 | £265,080 |
| 6 Month Average | 14.476 % | £37,346 | £295,346 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £171,500 | £171,500 | 1 DEBUSSY COURT |
| 28 Mar 2024 | £140,153 | £138,000 | 20 PRINCE CONSORT ROAD |
| 17 Nov 2023 | £222,652 | £217,000 | 62 CROFT TERRACE |
| 28 Jun 2023 | £118,372 | £116,000 | 32 EPINAY WALK |
| 25 Apr 2023 | £108,020 | £106,000 | 15 ELBERFELD COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Under investigation | On or near Springwell Avenue |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springwell Avenue |
| May 2024 | Violence and sexual offences | Under investigation | On or near Springwell Avenue |
| May 2024 | Drugs | Under investigation | On or near Clervaux Terrace |
| Apr 2024 | Drugs | Under investigation | On or near Clervaux Terrace |