£4,210
This estimated value is based upon the latest sale price for the house of £3,510 on 6 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £3,510 | 6 Mar 2020 |
| £95,500 | 3 Oct 2003 |
| 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 March 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.957%.Applying this 19.957% change to the original purchase price of £3,510 results in an estimated price of approximately £4,210.
| 6 Mar 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.0 | 19.957 % | £3,510 | £700 | £4,210 |
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 | -34.914 % | £-1,225 | £2,284 |
| 3 Month Average | -13.573 % | £-476 | £3,033 |
| 6 Month Average | 5.079 % | £178 | £3,688 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £175,593 | £175,000 | 38 REEDHAM COURT |
| 28 Jul 2023 | £136,289 | £135,000 | 6 MEADOW RISE |
| 23 Jun 2023 | £39,319 | £39,000 | 1 MEADOW RISE |
| 20 Jan 2023 | £94,173 | £95,000 | 5 HENSBY COURT |
| 19 Apr 2022 | £123,026 | £119,950 | 4 MEADOW RISE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Felthorpe Court |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Felthorpe Court |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Caernarvon Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Caernarvon Close |
| Feb 2024 | Anti-social behaviour | On or near Reedham Court |