£168,818
This estimated value is based upon the latest sale price for the house of £69,950 on 22 Apr 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£69,950 | 22 Apr 2003 |
£34,500 | 10 Nov 1995 |
Semi-Detached |
Freehold |
Floor Area: 59 sq meters or 635 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 2003 the House Price Index for TYNE AND WEAR was 62.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 141.341%.Applying this 141.341% change to the original purchase price of £69,950 results in an estimated price of approximately £168,818.
22 Apr 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
62.0 | 149.7 | 141.341 % | £69,950 | £98,868 | £168,818 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 203.546 % | £142,380 | £212,330 |
3 Month Average | 169.632 % | £118,657 | £188,607 |
6 Month Average | 143.222 % | £100,184 | £170,134 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £96,076 | £94,600 | 39 HARDY GROVE |
23 Jun 2023 | £260,215 | £255,000 | 145 EXETER ROAD |
24 Mar 2023 | £86,698 | £85,250 | 54 HARDY GROVE |
2 Sep 2022 | £68,954 | £69,000 | 60 HARDY GROVE |
6 May 2022 | £184,815 | £180,000 | 11 HARDY GROVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 1 Jul 2020. Using an estimated price of £168,818 means this house is valued at £2,861 per sq meter (£265 per sq foot).
The average size of a house on HOTSPUR ROAD is 72 sq meters (778 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Hotspur Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Hotspur Road |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hardy Grove |
Jun 2024 | Other crime | Investigation complete; no suspect identified | On or near Hardy Grove |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Exeter Road |