£175,239
This estimated value is based upon the latest sale price for the house of £31,000 on 17 May 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £31,000 | 17 May 1996 |
| Terraced |
| 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 May 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 465.290%.Applying this 465.290% change to the original purchase price of £31,000 results in an estimated price of approximately £175,239.
| 17 May 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 149.7 | 465.290 % | £31,000 | £144,239 | £175,239 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 197.601 % | £61,256 | £92,256 |
| 3 Month Average | 229.336 % | £71,094 | £102,094 |
| 6 Month Average | 240.184 % | £74,457 | £105,457 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £87,214 | £85,000 | 7 FERNDALE TERRACE |
| 25 Oct 2023 | £140,184 | £137,000 | 1 WEST VIEW |
| 25 Aug 2023 | £185,852 | £182,500 | 3 WINDSOR TERRACE |
| 24 Aug 2023 | £158,865 | £156,000 | 2 FERNDALE TERRACE |
| 17 Apr 2023 | £147,764 | £145,000 | 4 FERNDALE TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Shelley Avenue |
| Aug 2024 | Anti-social behaviour | On or near Shelley Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Shelley Avenue | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Wordsworth Crescent |
| Sep 2024 | Anti-social behaviour | On or near Fell Road |