£184,006
This estimated value is based upon the latest sale price for the house of £179,950 on 22 Sep 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 |
|---|---|
| £179,950 | 22 Sep 2023 |
| £110,000 | 17 Aug 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,050 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 September 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £179,950 results in an estimated price of approximately £184,006.
| 22 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £179,950 | £4,056 | £184,006 |
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 | 8.221 % | £14,793 | £194,743 |
| 3 Month Average | 11.686 % | £21,029 | £200,979 |
| 6 Month Average | -2.859 % | £-5,144 | £174,805 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £145,000 | £145,000 | 122 SILVER LONNEN |
| 28 Mar 2024 | £144,724 | £142,500 | 50 LANERCOST DRIVE |
| 20 Dec 2023 | £154,755 | £150,000 | 87 LANERCOST DRIVE |
| 18 Oct 2023 | £135,068 | £132,000 | 37 BARCLAY PLACE |
| 29 Sep 2023 | £184,057 | £180,000 | 102 LANERCOST DRIVE |
This house has a floor area of 97 sq meters or 1,050 sq feet when measured on 3 Feb 2012. Using an estimated price of £184,006 means this house is valued at £1,884 per sq meter (£175 per sq foot).
The average size of a house on SILVER LONNEN is 72 sq meters (782 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Public order | Investigation complete; no suspect identified | On or near Bus/Coach Station |
| Jun 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| Jun 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| May 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| May 2024 | Anti-social behaviour | On or near Bus/Coach Station |