£186,768
This estimated value is based upon the latest sale price for the house of £152,000 on 17 Jan 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 |
|---|---|
| £152,000 | 17 Jan 2020 |
| £124,999 | 3 Jul 2015 |
| £71,875 | 22 Nov 2013 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £152,000 results in an estimated price of approximately £186,768.
| 17 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £152,000 | £34,768 | £186,768 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 9.645 % | £14,660 | £166,660 |
| 3 Month Average | 8.613 % | £13,092 | £165,092 |
| 6 Month Average | 9.067 % | £13,782 | £165,782 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £129,997 | £128,000 | 31 LONG BANK |
| 23 Oct 2023 | £175,112 | £171,135 | 109 SEAHAM GARDENS |
| 6 Oct 2023 | £194,416 | £190,000 | 15 HILLDYKE |
| 4 Aug 2023 | £145,117 | £142,500 | 2 SATLEY GARDENS |
| 24 Feb 2023 | £206,379 | £205,000 | 22 HILLDYKE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 10 Nov 2015. Using an estimated price of £186,769 means this house is valued at £2,630 per sq meter (£244 per sq foot).
The average size of a house on ELDER GARDENS is 97 sq meters (1,049 sq feet).
This house is the largest in the street with a floor area of 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Black Lane | |
| Jun 2024 | Anti-social behaviour | On or near Black Lane | |
| Jun 2024 | Anti-social behaviour | On or near Black Lane | |
| Jun 2024 | Anti-social behaviour | On or near Black Lane | |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Long Bank |