£61,613
This estimated value is based upon the latest sale price for the house of £50,000 on 15 Nov 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 15 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 November 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £50,000 results in an estimated price of approximately £61,613.
| 15 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £50,000 | £11,613 | £61,613 |
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 | 30.757 % | £15,378 | £65,378 |
| 3 Month Average | 1.850 % | £925 | £50,925 |
| 6 Month Average | 10.315 % | £5,157 | £55,157 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £58,512 | £58,000 | 19 CORSENSIDE |
| 2 Aug 2023 | £112,988 | £112,000 | 6 CORSENSIDE |
| 7 Jul 2023 | £101,314 | £99,950 | 18 EARSDON CLOSE |
| 28 Mar 2023 | £106,100 | £105,100 | 6 COLTPARK |
| 24 Mar 2023 | £89,846 | £89,000 | 8 DAYSHIELD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 19 Jun 2018. Using an estimated price of £61,613 means this house is valued at £692 per sq meter (£64 per sq foot).
The average size of a house on CORNHILL is 94 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dayshield |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dayshield |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Dayshield |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Dayshield |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Dayshield |