£107,140
This estimated value is based upon the latest sale price for the house of £65,000 on 25 Oct 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 25 Oct 2013 |
| 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 October 2013 the House Price Index for TYNE AND WEAR was 90.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.832%.Applying this 64.832% change to the original purchase price of £65,000 results in an estimated price of approximately £107,140.
| 25 Oct 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 149.7 | 64.832 % | £65,000 | £42,140 | £107,140 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 74.754 % | £48,590 | £113,590 |
| 3 Month Average | 29.987 % | £19,491 | £84,491 |
| 6 Month Average | 32.480 % | £21,111 | £86,111 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £93,436 | £92,000 | FLAT 17 THE CEDARS PARK ROAD |
| 15 Dec 2023 | £123,804 | £120,000 | 8 HAWTHORN WALK |
| 29 Sep 2023 | £76,691 | £75,000 | FLAT 1 THE CEDARS PARK ROAD |
| 8 Sep 2023 | £62,375 | £61,000 | FLAT 27 THE CEDARS PARK ROAD |
| 13 Jun 2023 | £72,452 | £71,000 | FLAT 12 THE CEDARS PARK ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 28 Aug 2013. Using an estimated price of £107,141 means this house is valued at £1,217 per sq meter (£113 per sq foot).
The average size of a house on HAWTHORN PLACE is 139 sq meters (1,501 sq feet).
This house is the smallest in the street with a floor area of 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Investigation complete; no suspect identified | On or near Blackthorn Place |
| Jun 2024 | Anti-social behaviour | On or near Park Road | |
| Jun 2024 | Anti-social behaviour | On or near Park Road | |
| Jun 2024 | Anti-social behaviour | On or near Park Road | |
| Jun 2024 | Anti-social behaviour | On or near Park Road |