£126,293
This estimated value is based upon the latest sale price for the house of £93,500 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£93,500 | 31 Mar 2016 |
£23,500 | 18 Apr 1997 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £93,500 results in an estimated price of approximately £126,293.
31 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.0 | 148.6 | 35.074 % | £93,500 | £32,793 | £126,293 |
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 | 40.208 % | £37,594 | £131,094 |
3 Month Average | 32.614 % | £30,493 | £123,993 |
6 Month Average | 30.256 % | £28,289 | £121,789 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £121,554 | £120,000 | 51 BURNSTONES |
18 Aug 2023 | £113,493 | £112,500 | 59 BURNSTONES |
17 Jul 2023 | £92,241 | £91,000 | 54 BURNSTONES |
27 Feb 2023 | £120,919 | £121,000 | 65 BURNSTONES |
27 Jan 2023 | £129,390 | £130,000 | 44 LINBRIDGE DRIVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 28 Apr 2015. Using an estimated price of £126,294 means this house is valued at £1,435 per sq meter (£133 per sq foot).
The average size of a house on BURNSTONES is 90 sq meters (976 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Under investigation | On or near Burnstones |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burnstones |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Burnstones |