£150,353
This estimated value is based upon the latest sale price for the house of £138,000 on 5 Nov 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 |
|---|---|
| £138,000 | 5 Nov 2021 |
| Semi-Detached |
| 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £138,000 results in an estimated price of approximately £150,353.
| 5 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £138,000 | £12,353 | £150,353 |
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 | 9.420 % | £12,999 | £150,999 |
| 3 Month Average | 15.550 % | £21,459 | £159,459 |
| 6 Month Average | 3.798 % | £5,241 | £143,241 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £180,548 | £175,000 | 3 ELDER GROVE |
| 15 Nov 2023 | £169,297 | £165,000 | 2 INCHCLIFFE CRESCENT |
| 22 Jun 2023 | £158,170 | £155,000 | 5 ELDER GROVE |
| 23 Sep 2022 | £151,899 | £152,000 | 46 MAGNOLIA DRIVE |
| 27 Jul 2022 | £149,498 | £148,000 | 24 INCHCLIFFE CRESCENT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Awaiting court outcome | On or near Wychcroft Way |
| May 2024 | Criminal damage and arson | Under investigation | On or near Wychcroft Way |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Wychcroft Way |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wychcroft Way |
| Jul 2024 | Anti-social behaviour | On or near Sunnyway |