£142,081
This estimated value is based upon the latest sale price for the house of £115,000 on 28 Jun 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 |
|---|---|
| £115,000 | 28 Jun 2019 |
| £112,950 | 23 Oct 2015 |
| £41,000 | 18 Oct 1999 |
| £37,000 | 12 Dec 1997 |
| £40,000 | 9 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £115,000 results in an estimated price of approximately £142,081.
| 28 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £115,000 | £27,081 | £142,081 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 43.701 % | £50,256 | £165,256 |
| 3 Month Average | -4.857 % | £-5,584 | £109,415 |
| 6 Month Average | 12.365 % | £14,219 | £129,219 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £147,179 | £145,000 | 5 - 7 LOWERYS LANE |
| 3 Nov 2023 | £197,930 | £195,000 | 5 THE WAREHOUSE WELL LANE |
| 22 Sep 2023 | £198,539 | £196,000 | 9 ELDER GROVE |
| 27 Jun 2023 | £86,042 | £85,000 | 537 DURHAM ROAD |
| 27 Jun 2023 | £151,839 | £150,000 | 541 - 543 DURHAM ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 2 Jun 2015. Using an estimated price of £142,081 means this house is valued at £2,329 per sq meter (£216 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lowrey'S Lane |