£166,106
This estimated value is based upon the latest sale price for the house of £163,000 on 14 Apr 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £163,000 | 14 Apr 2023 |
| £156,000 | 21 Oct 2021 |
| £131,000 | 12 Nov 2020 |
| £125,000 | 24 Apr 2017 |
| £124,995 | 21 Sep 2006 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 April 2023 the House Price Index for TYNE AND WEAR was 146.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.906%.Applying this 1.906% change to the original purchase price of £163,000 results in an estimated price of approximately £166,106.
| 14 Apr 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 149.7 | 1.906 % | £163,000 | £3,106 | £166,106 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 16.211 % | £26,424 | £189,424 |
| 3 Month Average | 11.874 % | £19,354 | £182,354 |
| 6 Month Average | 12.043 % | £19,629 | £182,629 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £190,656 | £189,000 | 26 SPRINGFIELD ROAD |
| 31 Oct 2023 | £189,299 | £185,000 | 28 SPRINGFIELD ROAD |
| 13 Oct 2023 | £217,438 | £212,500 | 23 PICKERING DRIVE |
| 8 Sep 2023 | £122,705 | £120,000 | 10 HAWTHORN ROAD |
| 16 Jun 2023 | £195,926 | £192,000 | 5 SPRINGFIELD ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Feb 2017. Using an estimated price of £166,107 means this house is valued at £2,407 per sq meter (£223 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springfield Road |
| Aug 2024 | Vehicle crime | Under investigation | On or near Wallington Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallington Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Wallington Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Wallington Close |