£70,840
This estimated value is based upon the latest sale price for the house of £69,500 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £69,500 | 1 Dec 2023 |
| £50,000 | 27 Apr 2018 |
| Freehold |
| Floor Area: 50 sq meters or 538 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 December 2023 the House Price Index for TYNE AND WEAR was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £69,500 results in an estimated price of approximately £70,840.
| 1 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £69,500 | £1,340 | £70,840 |
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 | -58.516 % | £-40,668 | £28,831 |
| 3 Month Average | -22.629 % | £-15,727 | £53,772 |
| 6 Month Average | -0.316 % | £-219 | £69,280 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £70,840 | £69,500 | 48 MOORHEAD |
| 8 Jul 2022 | £224,696 | £225,000 | 33 WOODBURN AVENUE |
| 20 May 2022 | £284,174 | £279,950 | 326 WINGROVE ROAD NORTH |
| 24 Mar 2022 | £56,764 | £55,000 | 32 WHITETHORN CRESCENT |
| 26 Jan 2022 | £99,575 | £95,000 | 27 FOURACRES ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 6 Sep 2017. Using an estimated price of £70,840 means this house is valued at £1,416 per sq meter (£131 per sq foot).
The average size of a house on MOORHEAD is 85 sq meters (918 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Moor Head | |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Moor Head |
| Mar 2024 | Anti-social behaviour | On or near Moor Head | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Moor Head |
| Mar 2024 | Anti-social behaviour | On or near Moor Head |