£226,784
This estimated value is based upon the latest sale price for the house of £160,000 on 22 Oct 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,000 | 22 Oct 2015 |
| £59,000 | 2 Aug 1996 |
| Detached |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 October 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £160,000 results in an estimated price of approximately £226,784.
| 22 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £160,000 | £66,784 | £226,784 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -1.339 % | £-2,141 | £157,858 |
| 3 Month Average | 12.892 % | £20,627 | £180,627 |
| 6 Month Average | 22.627 % | £36,202 | £196,202 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 May 2024 | £410,000 | £410,000 | 2 REEDSIDE |
| 28 Mar 2024 | £220,894 | £217,500 | 5 MEADOW CLOSE |
| 1 Mar 2024 | £213,277 | £210,000 | 26 THE MEADOWS |
| 28 Nov 2023 | £241,121 | £235,000 | 5 HOLBURN TERRACE |
| 5 Sep 2023 | £227,004 | £222,000 | 11 HOLBURN LANE |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 10 Aug 2015. Using an estimated price of £226,784 means this house is valued at £4,930 per sq meter (£458 per sq foot).
The average size of a house on HOLBURN LANE is 81 sq meters (876 sq feet).
This house is the smallest in the street with a floor area of 46 sq meters (495 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near The Meadows |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Thorpe Drive |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near B6317 |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near B6317 |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near B6317 |