£167,791
This estimated value is based upon the latest sale price for the house of £160,000 on 3 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,000 | 3 Feb 2022 |
| £126,000 | 20 Feb 2015 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £160,000 results in an estimated price of approximately £167,791.
| 3 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £160,000 | £7,791 | £167,791 |
The Postcode Pricing Model uses changes in average sales price within the NE10 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 | -5.208 % | £-8,332 | £151,667 |
| 3 Month Average | 26.507 % | £42,410 | £202,410 |
| 6 Month Average | 9.415 % | £15,064 | £175,064 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2022 | £170,662 | £168,250 | 35 YEWTREES |
| 3 Feb 2022 | £167,791 | £160,000 | 50 CEDARWAY |
| 24 Jan 2022 | £501,999 | £477,000 | 13 WHITE HOUSE WAY |
| 21 Jan 2022 | £163,123 | £155,000 | 18 CEDARWAY |
| 3 Dec 2021 | £169,813 | £158,500 | 19 CEDARWAY |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 17 Dec 2014. Using an estimated price of £167,791 means this house is valued at £2,467 per sq meter (£229 per sq foot).
The average size of a house on CEDARWAY is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Cedarway | |
| Apr 2024 | Anti-social behaviour | On or near Cedarway |