£80,860
This estimated value is based upon the latest sale price for the house of £23,000 on 12 Jan 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £23,000 | 12 Jan 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 888 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 January 2001 the House Price Index for TYNE AND WEAR was 41.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 251.567%.Applying this 251.567% change to the original purchase price of £23,000 results in an estimated price of approximately £80,860.
| 12 Jan 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 41.7 | 146.7 | 251.567 % | £23,000 | £57,860 | £80,860 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 195.867 % | £45,049 | £68,049 |
| 3 Month Average | 165.798 % | £38,133 | £61,133 |
| 6 Month Average | 170.140 % | £39,132 | £62,132 |
This house has a floor area of 82 sq meters or 888 sq feet when measured on 16 Oct 2010.
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Under investigation | On or near Colgrove Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newlyn Road |
| Mar 2024 | Anti-social behaviour | On or near Madron Close | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somersby Drive |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Somersby Drive |