£345,487
This estimated value is based upon the latest sale price for the house of £336,850 on 14 Apr 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £336,850 | 14 Apr 2022 |
| Semi-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 April 2022 the House Price Index for TYNE AND WEAR was 144.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 2.564%.Applying this 2.564% change to the original purchase price of £336,850 results in an estimated price of approximately £345,487.
| 14 Apr 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.0 | 2.564 % | £336,850 | £8,637 | £345,487 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -30.400 % | £-102,401 | £234,448 |
| 3 Month Average | -28.574 % | £-96,250 | £240,599 |
| 6 Month Average | 35.484 % | £119,526 | £456,376 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £80,654 | £80,000 | UNIT 383A JEDBURGH COURT |
| 21 Jul 2022 | £89,879 | £90,000 | 44 GREENFORD |
| 22 Apr 2022 | £71,795 | £70,000 | THE POPLARS |
| 14 Apr 2022 | £248,718 | £242,500 | ORPINGTON HOUSE |
| 14 Apr 2022 | £345,487 | £336,850 | BLACKSMITHS COTTAGE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Anti-social behaviour | On or near Smithy Lane | |
| Mar 2024 | Anti-social behaviour | On or near Smithy Lane | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Smithy Lane |
| Apr 2024 | Anti-social behaviour | On or near Smithy Lane |