£118,723
This estimated value is based upon the latest sale price for the house of £110,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 17 Dec 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £110,000 results in an estimated price of approximately £118,723.
| 17 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £110,000 | £8,723 | £118,723 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -11.635 % | £-12,798 | £97,201 |
| 3 Month Average | 15.219 % | £16,740 | £126,740 |
| 6 Month Average | 20.043 % | £22,047 | £132,047 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £124,151 | £121,000 | 2 RICHMOND COURT |
| 3 Apr 2023 | £115,154 | £113,000 | 27 RICHMOND COURT |
| 30 Mar 2023 | £96,613 | £95,000 | 40 FORSTER COURT |
| 17 Mar 2023 | £106,783 | £105,000 | 21 FORSTER COURT |
| 10 Feb 2023 | £47,819 | £47,500 | 12 ROBINSWOOD A.P.U. ENGINE LANE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 2 Aug 2021. Using an estimated price of £118,724 means this house is valued at £2,526 per sq meter (£234 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Engine Lane |
| Aug 2024 | Burglary | Suspect charged as part of another case | On or near Well Lane |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Well Lane |
| Jul 2024 | Burglary | Suspect charged as part of another case | On or near Well Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Well Lane |