£515,357
This estimated value is based upon the latest sale price for the house of £325,000 on 24 Mar 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 |
|---|---|
| £325,000 | 24 Mar 2014 |
| Detached |
| Leasehold |
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 March 2014 the House Price Index for TYNE AND WEAR was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £325,000 results in an estimated price of approximately £515,357.
| 24 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 149.7 | 58.571 % | £325,000 | £190,357 | £515,357 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | 72.278 % | £234,902 | £559,902 |
| 3 Month Average | 28.419 % | £92,361 | £417,361 |
| 6 Month Average | 37.732 % | £122,628 | £447,628 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £378,285 | £375,000 | 59 THE CEDARS |
| 27 Mar 2024 | £534,208 | £526,000 | 10 THE CEDARS |
| 11 Nov 2022 | £358,324 | £360,000 | 32 THE CEDARS |
| 27 Jun 2022 | £275,898 | £270,000 | SOUTH VIEW GRANGE LANE |
| 11 Apr 2022 | £272,323 | £262,500 | 19 GRANGE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near South Avenue |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Aug 2024 | Anti-social behaviour | On or near Thornley Close | |
| Jul 2024 | Public order | Under investigation | On or near Shirwood Avenue |