£88,024
This estimated value is based upon the latest sale price for the house of £70,000 on 25 Apr 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 25 Apr 2018 |
| £55,000 | 19 Dec 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 April 2018 the House Price Index for TYNE AND WEAR was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £70,000 results in an estimated price of approximately £88,024.
| 25 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £70,000 | £18,024 | £88,024 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | -34.409 % | £-24,086 | £45,913 |
| 3 Month Average | -22.107 % | £-15,474 | £54,525 |
| 6 Month Average | -13.662 % | £-9,563 | £60,436 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £133,500 | £133,500 | 3 CHURCH VIEW |
| 1 Sep 2023 | £107,367 | £105,000 | 24 WILTON GARDENS SOUTH |
| 8 Aug 2023 | £86,561 | £85,000 | 2 WILTON GARDENS SOUTH |
| 1 Jul 2022 | £51,516 | £51,000 | 19 HEDWORTH LANE |
| 20 Apr 2022 | £101,667 | £98,000 | 94C HEDWORTH LANE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 10 Oct 2014. Using an estimated price of £88,024 means this house is valued at £1,443 per sq meter (£134 per sq foot).
The average size of a house on HEDWORTH LANE is 81 sq meters (881 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grays Terrace |
| Jul 2024 | Vehicle crime | Under investigation | On or near Grays Terrace |
| Jun 2024 | Anti-social behaviour | On or near Grays Terrace | |
| Jun 2024 | Anti-social behaviour | On or near Grays Terrace | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Grays Terrace |