£339,256
This estimated value is based upon the latest sale price for the house of £125,000 on 20 Sep 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £125,000 | 20 Sep 2002 |
| £80,000 | 15 Dec 2000 |
| Semi-Detached |
| 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 September 2002 the House Price Index for TYNE AND WEAR was 55.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 171.405%.Applying this 171.405% change to the original purchase price of £125,000 results in an estimated price of approximately £339,256.
| 20 Sep 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 149.7 | 171.405 % | £125,000 | £214,256 | £339,256 |
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 | 275.879 % | £344,848 | £469,848 |
| 3 Month Average | 223.212 % | £279,015 | £404,015 |
| 6 Month Average | 213.438 % | £266,797 | £391,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £296,527 | £289,000 | 20 SIMONBURN AVENUE |
| 13 Oct 2023 | £562,782 | £550,000 | 265 WINGROVE ROAD NORTH |
| 30 Jun 2023 | £362,260 | £355,000 | 38 CHERRYBURN GARDENS |
| 28 Apr 2023 | £234,384 | £230,000 | 3 CHERRYBURN GARDENS |
| 10 Feb 2023 | £354,871 | £352,500 | 43 CHERRYBURN GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Under investigation | On or near Ravenside Road |
| Jun 2024 | Other theft | Under investigation | On or near Ravenside Road |
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Simonburn Avenue |
| Jul 2024 | Burglary | Under investigation | On or near Simonburn Avenue |
| May 2024 | Anti-social behaviour | On or near Simonburn Avenue |