£384,298
This estimated value is based upon the latest sale price for the house of £310,000 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £310,000 | 9 Aug 2019 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 August 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £310,000 results in an estimated price of approximately £384,298.
| 9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £310,000 | £74,298 | £384,298 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | -1.276 % | £-3,954 | £306,045 |
| 3 Month Average | 29.829 % | £92,469 | £402,469 |
| 6 Month Average | 6.453 % | £20,005 | £330,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2024 | £335,000 | £335,000 | 103A FATFIELD PARK |
| 4 Jul 2024 | £260,000 | £260,000 | 48 BIDDICK LANE |
| 17 Apr 2024 | £393,416 | £390,000 | 3A BIDDICK LANE |
| 6 Mar 2024 | £200,582 | £197,500 | 48 FATFIELD PARK |
| 19 Dec 2023 | £660,289 | £640,000 | 59 FATFIELD PARK |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 28 Sep 2018. Using an estimated price of £384,299 means this house is valued at £2,528 per sq meter (£234 per sq foot).
The average size of a house on FATFIELD PARK is 177 sq meters (1,907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fatfield Park |
| Sep 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Sep 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Aug 2024 | Anti-social behaviour | On or near Fatfield Park | |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Fatfield Park |