£110,850
This estimated value is based upon the latest sale price for the house of £57,950 on 29 Oct 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £57,950 | 29 Oct 2004 |
| £26,000 | 28 Nov 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 October 2004 the House Price Index for TYNE AND WEAR was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £57,950 results in an estimated price of approximately £110,850.
| 29 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £57,950 | £52,900 | £110,850 |
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 | 48.223 % | £27,945 | £85,895 |
| 3 Month Average | 61.237 % | £35,486 | £93,436 |
| 6 Month Average | 32.120 % | £18,613 | £76,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £152,859 | £150,000 | 19 LOWTHIAN TERRACE |
| 28 Apr 2023 | £183,431 | £180,000 | 42 LAKESIDE GARDENS |
| 9 Feb 2023 | £50,336 | £50,000 | 51 WILLOWS CLOSE |
| 8 Sep 2022 | £69,953 | £70,000 | 7 WEAR TERRACE |
| 8 Sep 2022 | £69,953 | £70,000 | 8 WEAR TERRACE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 20 Aug 2012. Using an estimated price of £110,851 means this house is valued at £2,519 per sq meter (£234 per sq foot).
The average size of a house on WILLOWS CLOSE is 51 sq meters (552 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Lowthian Terrace |
| Oct 2024 | Public order | Under investigation | On or near Lowthian Terrace |
| Oct 2024 | Anti-social behaviour | On or near Lowthian Terrace | |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Lowthian Terrace |
| Sep 2024 | Anti-social behaviour | On or near Lowthian Terrace |