£526,473
This estimated value is based upon the latest sale price for the house of £340,000 on 6 Jun 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £340,000 | 6 Jun 2014 |
| Detached |
| Freehold |
| Floor Area: 242 sq meters or 2,604 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 June 2014 the House Price Index for TYNE AND WEAR was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £340,000 results in an estimated price of approximately £526,473.
| 6 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £340,000 | £186,473 | £526,473 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 37.743 % | £128,325 | £468,325 |
| 3 Month Average | 22.623 % | £76,916 | £416,916 |
| 6 Month Average | 9.697 % | £32,968 | £372,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £335,000 | £335,000 | 103A FATFIELD PARK |
| 4 Jul 2024 | £260,000 | £260,000 | 48 BIDDICK LANE |
| 17 Apr 2024 | £393,416 | £390,000 | 3A BIDDICK LANE |
| 6 Mar 2024 | £200,582 | £197,500 | 48 FATFIELD PARK |
| 19 Dec 2023 | £660,289 | £640,000 | 59 FATFIELD PARK |
This house has a floor area of 242 sq meters or 2,604 sq feet when measured on 26 Apr 2012. Using an estimated price of £526,474 means this house is valued at £2,175 per sq meter (£202 per sq foot).
The average size of a house on FATFIELD PARK is 177 sq meters (1,907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Biddick Lane |
| Oct 2024 | Public order | Under investigation | On or near Biddick Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Biddick Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Biddick Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Biddick Lane |