£115,114
This estimated value is based upon the latest sale price for the house of £112,500 on 20 Oct 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 |
|---|---|
| £112,500 | 20 Oct 2023 |
| £23,100 | 31 May 2002 |
| Terraced |
| Freehold |
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 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £112,500 results in an estimated price of approximately £115,114.
| 20 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £112,500 | £2,614 | £115,114 |
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 | 2.078 % | £2,337 | £114,837 |
| 3 Month Average | 11.995 % | £13,493 | £125,993 |
| 6 Month Average | -3.615 % | £-4,067 | £108,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £103,631 | £101,000 | 30 CHESSAR AVENUE |
| 20 Oct 2023 | £115,114 | £112,500 | 6 REDNAM PLACE |
| 29 Sep 2023 | £132,930 | £130,000 | 9 DEWLEY ROAD |
| 8 Jun 2023 | £214,294 | £210,000 | 16 DEWLEY ROAD |
| 17 Mar 2023 | £130,174 | £128,000 | 1 FINSMERE PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Rednam Place |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rednam Place |
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Rednam Place |
| Jul 2024 | Vehicle crime | Under investigation | On or near Gishford Way |
| Jul 2024 | Anti-social behaviour | On or near Chessar Avenue |