£157,114
This estimated value is based upon the latest sale price for the house of £155,000 on 7 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,000 | 7 Jul 2023 |
| £155,000 | 20 Jun 2018 |
| £70,000 | 1 Oct 2004 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 July 2023 the House Price Index for TYNE AND WEAR was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £155,000 results in an estimated price of approximately £157,114.
| 7 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £155,000 | £2,114 | £157,114 |
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 | -6.506 % | £-10,084 | £144,915 |
| 3 Month Average | -10.053 % | £-15,581 | £139,418 |
| 6 Month Average | 0.828 % | £1,283 | £156,283 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £157,115 | £155,000 | 564 WEST ROAD |
| 4 Jul 2023 | £40,546 | £40,000 | 24 DENTON COURT SILVER LONNEN |
| 1 Mar 2023 | £90,856 | £90,000 | 271 SILVER LONNEN |
| 18 May 2022 | £45,864 | £45,000 | 6 DENTON COURT SILVER LONNEN |
| 17 May 2022 | £45,864 | £45,000 | 7 DENTON COURT SILVER LONNEN |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 18 Sep 2017. Using an estimated price of £157,115 means this house is valued at £1,653 per sq meter (£153 per sq foot).
The average size of a house on WEST ROAD is 103 sq meters (1,115 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Henshaw Place |
| Dec 2023 | Public order | Awaiting court outcome | On or near Henshaw Place |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Henshaw Place |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Baroness Drive |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Countess Drive |