£1,501,366
This estimated value is based upon the latest sale price for the house of £245,000 on 18 Jun 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £245,000 | 18 Jun 2024 |
| Detached |
| Freehold |
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 2024 the House Price Index for TYNE AND WEAR was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £245,000 results in an estimated price of approximately £1,501,366.
| 18 Jun 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £245,000 | £1,256,366 | £1,501,366 |
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 | -63.404 % | £-155,339 | £89,660 |
| 3 Month Average | 8.754 % | £21,446 | £266,446 |
| 6 Month Average | 3.483 % | £8,532 | £253,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Jun 2024 | £245,000 | £245,000 | BESOM HOUSE LITCHFIELD TERRACE |
| 28 Nov 2023 | £76,953 | £75,000 | 18 MAY STREET |
| 6 Apr 2023 | £112,097 | £110,000 | 2 STORE STREET |
| 31 Mar 2023 | £168,819 | £166,000 | 9 TYNE STREET |
| 17 Feb 2023 | £88,088 | £87,500 | 9 LITCHFIELD STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Litchfield Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Old Well Lane |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Litchfield Street |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near May Street |