£257,100
This estimated value is based upon the latest sale price for the house of £138,000 on 9 May 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £138,000 | 9 May 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 May 2005 the House Price Index for TYNE AND WEAR was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.305%.Applying this 86.305% change to the original purchase price of £138,000 results in an estimated price of approximately £257,100.
| 9 May 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.305 % | £138,000 | £119,100 | £257,100 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 77.939 % | £107,555 | £245,555 |
| 3 Month Average | 78.377 % | £108,159 | £246,159 |
| 6 Month Average | 68.087 % | £93,960 | £231,960 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £254,830 | £247,000 | 9 RIDGEWAY |
| 6 Oct 2023 | £312,088 | £305,000 | 26 FRIARSIDE ROAD |
| 22 Aug 2023 | £286,269 | £281,106 | 5 WOODBURN AVENUE |
| 31 May 2022 | £266,955 | £260,000 | 22 WOODBURN AVENUE |
| 30 Sep 2021 | £308,627 | £284,300 | 5 REDEWATER ROAD |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 11 Jul 2016. Using an estimated price of £257,101 means this house is valued at £2,197 per sq meter (£204 per sq foot).
The average size of a house on FRIARSIDE ROAD is 135 sq meters (1,455 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Friarside Road |
| Jun 2024 | Vehicle crime | Under investigation | On or near Redewater Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodburn Avenue |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woodburn Avenue |