£92,654
This estimated value is based upon the latest sale price for the house of £75,000 on 27 Mar 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 |
---|---|
£75,000 | 27 Mar 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 53 sq meters or 570 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 March 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 23.539%.Applying this 23.539% change to the original purchase price of £75,000 results in an estimated price of approximately £92,654.
27 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.539 % | £75,000 | £17,654 | £92,654 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 1.697 % | £1,272 | £76,272 |
3 Month Average | 21.959 % | £16,469 | £91,469 |
6 Month Average | 8.763 % | £6,572 | £81,572 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Jun 2023 | £97,177 | £96,000 | 53 LYNN ROAD |
3 Feb 2023 | £166,618 | £166,730 | 40 CRESSWELL ROAD |
11 Feb 2022 | £147,866 | £141,000 | 28 LYNN ROAD |
8 Dec 2021 | £123,208 | £115,000 | 2A LYNN ROAD |
25 Nov 2021 | £80,032 | £74,000 | 63 LYNN ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 7 Nov 2018. Using an estimated price of £92,654 means this house is valued at £1,748 per sq meter (£162 per sq foot).
The average size of a house on LYNN ROAD is 77 sq meters (830 sq feet).
This house is the smallest in the street with a floor area of 53 sq meters (570 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Criminal damage and arson | Under investigation | On or near Windermere Close |
Mar 2024 | Anti-social behaviour | On or near Rutland Road | |
Mar 2024 | Anti-social behaviour | On or near Rutland Road | |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rutland Road |
Feb 2024 | Anti-social behaviour | On or near Rutland Road |