£121,214
This estimated value is based upon the latest sale price for the house of £120,000 on 15 Jul 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 |
|---|---|
| £120,000 | 15 Jul 2022 |
| £160,000 | 17 Jul 2009 |
| £83,950 | 26 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,158 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 July 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £120,000 results in an estimated price of approximately £121,214.
| 15 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £120,000 | £1,214 | £121,214 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 80.107 % | £96,128 | £216,128 |
| 3 Month Average | 16.304 % | £19,564 | £139,564 |
| 6 Month Average | 19.230 % | £23,076 | £143,076 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Oct 2024 | £216,000 | £216,000 | 44 VILLAGE HEIGHTS |
| 13 Sep 2023 | £148,268 | £145,000 | 8 VILLAGE HEIGHTS |
| 30 Jun 2023 | £68,370 | £67,000 | 101 BENSHAM ROAD |
| 11 Nov 2022 | £219,971 | £221,000 | 31 VILLAGE HEIGHTS |
| 12 Aug 2022 | £133,223 | £132,600 | 11 VILLAGE HEIGHTS |
This house has a floor area of 107 sq meters or 1,158 sq feet when measured on 31 Mar 2009. Using an estimated price of £121,215 means this house is valued at £1,126 per sq meter (£104 per sq foot).
The average size of a house on VILLAGE HEIGHTS is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Village Heights |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Village Heights |