£94,997
This estimated value is based upon the latest sale price for the house of £76,000 on 15 Jan 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £76,000 | 15 Jan 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 January 2018 the House Price Index for TYNE AND WEAR was 118.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.997%.Applying this 24.997% change to the original purchase price of £76,000 results in an estimated price of approximately £94,997.
| 15 Jan 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.0 | 24.997 % | £76,000 | £18,997 | £94,997 |
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 | 33.537 % | £25,488 | £101,488 |
| 3 Month Average | 1.626 % | £1,235 | £77,235 |
| 6 Month Average | 15.529 % | £11,802 | £87,802 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £105,356 | £105,000 | 70 OVINGTON GROVE |
| 24 Nov 2023 | £107,379 | £106,000 | 66 OVINGTON GROVE |
| 1 Nov 2023 | £118,522 | £117,000 | 115 TWO BALL LONNEN |
| 30 Jun 2023 | £124,005 | £123,000 | 153 TWO BALL LONNEN |
| 24 Apr 2023 | £108,809 | £108,000 | 46 OVINGTON GROVE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 19 Sep 2017. Using an estimated price of £94,998 means this house is valued at £1,130 per sq meter (£105 per sq foot).
The average size of a house on TWO BALL LONNEN is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Aster Place |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |
| Apr 2024 | Other crime | Under investigation | On or near Aster Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Aster Place |