£197,657
This estimated value is based upon the latest sale price for the house of £159,995 on 24 Oct 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 |
|---|---|
| £159,995 | 24 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.540%.Applying this 23.540% change to the original purchase price of £159,995 results in an estimated price of approximately £197,657.
| 24 Oct 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.540 % | £159,995 | £37,662 | £197,657 |
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 | 28.991 % | £46,383 | £206,378 |
| 3 Month Average | 25.121 % | £40,192 | £200,187 |
| 6 Month Average | 22.439 % | £35,901 | £195,896 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £239,682 | £236,000 | 20 KIRKLAND CHASE |
| 15 Dec 2023 | £172,294 | £167,000 | 86 LAZONBY WAY |
| 8 Sep 2023 | £217,801 | £213,000 | 22 KIRKLAND CHASE |
| 17 Feb 2023 | £156,042 | £155,000 | 112 LAZONBY WAY |
| 9 Sep 2022 | £159,893 | £160,000 | 62 LAZONBY WAY |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 4 Oct 2019. Using an estimated price of £197,658 means this house is valued at £2,502 per sq meter (£232 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Lazonby Way | |
| Sep 2024 | Anti-social behaviour | On or near Lazonby Way | |
| Sep 2024 | Anti-social behaviour | On or near Lazonby Way | |
| Sep 2024 | Anti-social behaviour | On or near Lazonby Way | |
| Sep 2024 | Anti-social behaviour | On or near Lazonby Way |