£101,509
This estimated value is based upon the latest sale price for the house of £85,000 on 7 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 7 Aug 2020 |
| £85,000 | 21 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.422%.Applying this 19.422% change to the original purchase price of £85,000 results in an estimated price of approximately £101,509.
| 7 Aug 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.0 | 19.422 % | £85,000 | £16,509 | £101,509 |
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 | -45.086 % | £-38,323 | £46,676 |
| 3 Month Average | -22.257 % | £-18,918 | £66,081 |
| 6 Month Average | 8.781 % | £7,464 | £92,464 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £86,105 | £85,000 | 85 FAIRSPRING |
| 4 Aug 2023 | £102,624 | £102,000 | 2 FAIRSPRING |
| 10 Jul 2023 | £104,993 | £104,000 | 71 FORDMOSS WALK |
| 7 Jul 2023 | £116,098 | £115,000 | 8 FAIRSPRING |
| 24 Mar 2023 | £146,793 | £146,000 | 7 ROWEDGE WALK |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 5 Aug 2015. Using an estimated price of £101,509 means this house is valued at £1,103 per sq meter (£102 per sq foot).
The average size of a house on FORESTBORN COURT is 106 sq meters (1,142 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Berkshire Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Berkshire Close |