£297,618
This estimated value is based upon the latest sale price for the house of £185,000 on 31 May 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 31 May 2007 |
| £168,000 | 1 Nov 2004 |
| Terraced |
| Freehold |
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 2007 the House Price Index for TYNE AND WEAR was 93.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.875%.Applying this 60.875% change to the original purchase price of £185,000 results in an estimated price of approximately £297,618.
| 31 May 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 149.7 | 60.875 % | £185,000 | £112,618 | £297,618 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 66.404 % | £122,848 | £307,848 |
| 3 Month Average | 53.216 % | £98,450 | £283,450 |
| 6 Month Average | 51.235 % | £94,785 | £279,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £180,032 | £174,500 | 42 FAIRFIELD GREEN |
| 7 Nov 2023 | £323,204 | £315,000 | 5 FAIR GREEN |
| 4 Oct 2023 | £227,671 | £222,500 | 59 THORNTREE DRIVE |
| 1 Sep 2023 | £240,297 | £235,000 | 10 MIDDLE GREEN |
| 21 Aug 2023 | £269,867 | £265,000 | 24 MIDDLE GREEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Sep 2024 | Anti-social behaviour | On or near Middle Green | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairfield Green |