£181,189
This estimated value is based upon the latest sale price for the house of £145,500 on 24 May 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,500 | 24 May 2019 |
| £136,000 | 7 Feb 2005 |
| £74,950 | 9 Apr 2002 |
| £49,950 | 25 Jan 1995 |
| Semi-Detached |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 May 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.529%.Applying this 24.529% change to the original purchase price of £145,500 results in an estimated price of approximately £181,189.
| 24 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £145,500 | £35,689 | £181,189 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 30.177 % | £43,907 | £189,407 |
| 3 Month Average | 21.039 % | £30,611 | £176,111 |
| 6 Month Average | 25.857 % | £37,622 | £183,122 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £252,767 | £245,000 | 8 BEACON GLADE |
| 28 Apr 2023 | £142,668 | £140,000 | 55 BEACON GLADE |
| 13 Mar 2023 | £195,261 | £192,000 | 59 BEACON GLADE |
| 15 Sep 2022 | £327,781 | £328,000 | 101 BEACON GLADE |
| 16 Dec 2021 | £474,895 | £440,000 | 71 BEACON GLADE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 19 Dec 2018. Using an estimated price of £181,189 means this house is valued at £3,123 per sq meter (£290 per sq foot).
The average size of a house on BEACON GLADE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beacon Glade |