£156,053
This estimated value is based upon the latest sale price for the house of £140,000 on 11 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 11 Oct 2021 |
| £95,000 | 19 Jun 2015 |
| £30,000 | 25 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £140,000 results in an estimated price of approximately £156,053.
| 11 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £140,000 | £16,053 | £156,053 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 80.520 % | £112,727 | £252,727 |
| 3 Month Average | 67.526 % | £94,535 | £234,535 |
| 6 Month Average | 45.964 % | £64,349 | £204,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £85,745 | £85,000 | 91 NORMOUNT ROAD |
| 13 Dec 2023 | £92,853 | £90,000 | 90 FAIRHOLM ROAD |
| 29 Sep 2023 | £56,240 | £55,000 | 34 FAIRHOLM ROAD |
| 27 Sep 2023 | £86,916 | £85,000 | 92 FAIRHOLM ROAD |
| 28 Jun 2023 | £139,802 | £137,000 | 27 NORMOUNT ROAD |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 7 Apr 2015. Using an estimated price of £156,054 means this house is valued at £1,345 per sq meter (£124 per sq foot).
The average size of a house on NORMOUNT ROAD is 98 sq meters (1,060 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near Normount Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Normount Road |