£131,469
This estimated value is based upon the latest sale price for the house of £75,000 on 28 Apr 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 28 Apr 2006 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 April 2006 the House Price Index for TYNE AND WEAR was 84.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.293%.Applying this 75.293% change to the original purchase price of £75,000 results in an estimated price of approximately £131,469.
| 28 Apr 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 148.6 | 75.293 % | £75,000 | £56,469 | £131,469 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 18.057 % | £13,542 | £88,542 |
| 3 Month Average | 15.773 % | £11,829 | £86,829 |
| 6 Month Average | 26.429 % | £19,821 | £94,821 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £121,554 | £120,000 | 51 BURNSTONES |
| 18 Aug 2023 | £113,493 | £112,500 | 59 BURNSTONES |
| 17 Jul 2023 | £92,241 | £91,000 | 54 BURNSTONES |
| 27 Feb 2023 | £120,919 | £121,000 | 65 BURNSTONES |
| 27 Jan 2023 | £129,390 | £130,000 | 44 LINBRIDGE DRIVE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 9 Oct 2013. Using an estimated price of £131,470 means this house is valued at £1,327 per sq meter (£123 per sq foot).
The average size of a house on BURNSTONES is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Burnstones |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burnstones |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Burnstones |