£651,054
This estimated value is based upon the latest sale price for the house of £550,000 on 28 Aug 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 |
|---|---|
| £550,000 | 28 Aug 2020 |
| Freehold |
| Floor Area: 283 sq meters or 3,046 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 18.373%.Applying this 18.373% change to the original purchase price of £550,000 results in an estimated price of approximately £651,054.
| 28 Aug 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 146.7 | 18.373 % | £550,000 | £101,054 | £651,054 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | -1.748 % | £-9,615 | £540,384 |
| 3 Month Average | -35.980 % | £-197,888 | £352,111 |
| 6 Month Average | -0.923 % | £-5,075 | £544,924 |
This house has a floor area of 283 sq meters or 3,046 sq feet when measured on 16 May 2018.
The average size of a house on HEDWORTH LANE is 115 sq meters (1,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Ullswater Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hawthorn Drive |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hawthorn Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kirkstone Avenue |
| Jan 2024 | Anti-social behaviour | On or near Kirkstone Avenue |