£499,492
This estimated value is based upon the latest sale price for the house of £378,125 on 21 Dec 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £378,125 | 21 Dec 2016 |
| £210,000 | 3 Feb 2012 |
| Detached |
| Freehold |
| Floor Area: 202 sq meters or 2,174 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 December 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £378,125 results in an estimated price of approximately £499,492.
| 21 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £378,125 | £121,367 | £499,492 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -23.142 % | £-87,505 | £290,619 |
| 3 Month Average | 14.022 % | £53,020 | £431,145 |
| 6 Month Average | 18.563 % | £70,191 | £448,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Oct 2023 | £337,669 | £330,000 | ELM LODGE MAIN ROAD |
| 11 Apr 2023 | £150,821 | £148,000 | 22 TWEEDYS BUILDINGS |
| 24 Jun 2022 | £137,949 | £135,000 | 1 WOODBINE COTTAGES |
| 8 Apr 2022 | £125,528 | £121,000 | 2 WOODBINE COTTAGES |
| 23 Feb 2022 | £470,123 | £445,000 | OAKBANK MAIN ROAD |
This house has a floor area of 202 sq meters or 2,174 sq feet when measured on 13 Jun 2012. Using an estimated price of £499,493 means this house is valued at £2,472 per sq meter (£229 per sq foot).
The average size of a house on MAIN ROAD is 180 sq meters (1,947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Aug 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Aug 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Grange Lonnen |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Grange Lonnen |