£199,798
This estimated value is based upon the latest sale price for the house of £125,000 on 8 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £125,000 | 8 Jun 2007 |
| £76,950 | 19 Nov 2003 |
| £48,500 | 28 Jun 2002 |
| £39,950 | 24 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £125,000 results in an estimated price of approximately £199,798.
| 8 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £125,000 | £74,798 | £199,798 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | -32.036 % | £-40,045 | £84,954 |
| 3 Month Average | 0.885 % | £1,106 | £126,106 |
| 6 Month Average | 19.616 % | £24,520 | £149,520 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £133,500 | £133,500 | 3 CHURCH VIEW |
| 1 Sep 2023 | £107,367 | £105,000 | 24 WILTON GARDENS SOUTH |
| 8 Aug 2023 | £86,561 | £85,000 | 2 WILTON GARDENS SOUTH |
| 1 Jul 2022 | £51,516 | £51,000 | 19 HEDWORTH LANE |
| 20 Apr 2022 | £101,667 | £98,000 | 94C HEDWORTH LANE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 19 Apr 2018. Using an estimated price of £199,799 means this house is valued at £2,982 per sq meter (£277 per sq foot).
The average size of a house on HEDWORTH LANE is 81 sq meters (881 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Grays Terrace |
| Jul 2024 | Vehicle crime | Under investigation | On or near Grays Terrace |
| Jun 2024 | Anti-social behaviour | On or near Grays Terrace | |
| Jun 2024 | Anti-social behaviour | On or near Grays Terrace | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Grays Terrace |