£236,347
This estimated value is based upon the latest sale price for the house of £199,995 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £199,995 | 30 Oct 2020 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £199,995 results in an estimated price of approximately £236,347.
| 30 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £199,995 | £36,352 | £236,347 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -15.540 % | £-31,078 | £168,916 |
| 3 Month Average | 8.529 % | £17,056 | £217,051 |
| 6 Month Average | 4.980 % | £9,960 | £209,955 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £132,058 | £128,000 | 7 HORSLEY AVENUE |
| 5 Dec 2023 | £294,035 | £285,000 | 5 STONEYLEA CLOSE |
| 27 Nov 2023 | £282,162 | £275,000 | 9 ST AGNES GARDENS WEST |
| 3 Oct 2023 | £173,951 | £170,000 | 2 STONEYLEA CLOSE |
| 8 Sep 2023 | £199,396 | £195,000 | 30 BYWELL CLOSE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 21 Aug 2020. Using an estimated price of £236,347 means this house is valued at £3,237 per sq meter (£300 per sq foot).
The average size of a house on OLD MAIN STREET is 125 sq meters (1,353 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Main Street |
| Aug 2024 | Anti-social behaviour | On or near Old Main Street | |
| Aug 2024 | Anti-social behaviour | On or near Old Main Street | |
| Aug 2024 | Anti-social behaviour | On or near Old Main Street | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wesley Mount |