£120,942
This estimated value is based upon the latest sale price for the house of £41,500 on 10 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £41,500 | 10 May 2002 |
| £28,950 | 14 Jul 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £41,500 results in an estimated price of approximately £120,942.
| 10 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £41,500 | £79,442 | £120,942 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 45.892 % | £19,045 | £60,545 |
| 3 Month Average | 111.198 % | £46,146 | £87,646 |
| 6 Month Average | 168.035 % | £69,734 | £111,234 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £109,923 | £108,000 | 59 BENTON LANE |
| 17 Aug 2023 | £70,618 | £70,000 | 2 REGENTS COURT |
| 17 Mar 2023 | £50,476 | £50,000 | 14 WEST MOOR COURT |
| 17 Mar 2023 | £205,940 | £204,000 | 11 GRAMPIAN PLACE |
| 30 Jan 2023 | £171,691 | £172,500 | 23 PARK TERRACE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 10 Jun 2019. Using an estimated price of £120,942 means this house is valued at £1,889 per sq meter (£175 per sq foot).
The average size of a house on BENTON LANE is 97 sq meters (1,050 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Cotswold Avenue | |
| Mar 2024 | Anti-social behaviour | On or near Cotswold Avenue | |
| Feb 2024 | Drugs | Under investigation | On or near Cotswold Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cotswold Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |