£162,020
This estimated value is based upon the latest sale price for the house of £119,950 on 30 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £119,950 | 30 Mar 2016 |
| £65,000 | 13 Jul 2015 |
| £105,000 | 29 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 696 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £119,950 results in an estimated price of approximately £162,020.
| 30 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £119,950 | £42,070 | £162,020 |
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 | 40.208 % | £48,229 | £168,179 |
| 3 Month Average | 32.614 % | £39,120 | £159,070 |
| 6 Month Average | 30.256 % | £36,291 | £156,241 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £131,684 | £130,000 | 9 DEWLEY ROAD |
| 8 Jun 2023 | £212,575 | £210,000 | 16 DEWLEY ROAD |
| 17 Mar 2023 | £129,217 | £128,000 | 1 FINSMERE PLACE |
| 23 Feb 2023 | £169,886 | £170,000 | 7 FINSMERE PLACE |
| 31 Oct 2022 | £138,509 | £140,000 | 33 STAPLEFORD CLOSE |
This house has a floor area of 64 sq meters or 696 sq feet when measured on 21 Jun 2011. Using an estimated price of £162,021 means this house is valued at £2,503 per sq meter (£232 per sq foot).
The average size of a house on DEWLEY ROAD is 102 sq meters (1,101 sq feet).
This house is the smallest in the street with a floor area of 64 sq meters (696 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Finsmere Place |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Finsmere Place |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Finsmere Place |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Finsmere Place |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Finsmere Place |