£203,871
This estimated value is based upon the latest sale price for the house of £185,000 on 8 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,000 | 8 Oct 2021 |
| £120,500 | 27 Jul 2018 |
| £125,000 | 5 Feb 2010 |
| £130,000 | 6 Mar 2006 |
| £71,053 | 5 Mar 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 776 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £185,000 results in an estimated price of approximately £203,871.
| 8 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.0 | 10.201 % | £185,000 | £18,871 | £203,871 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -27.701 % | £-51,246 | £133,753 |
| 3 Month Average | 37.325 % | £69,050 | £254,050 |
| 6 Month Average | 18.749 % | £34,685 | £219,685 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £157,016 | £155,000 | 5 OAKWOOD CLOSE |
| 16 Nov 2023 | £205,640 | £203,000 | 6 FELL ROAD |
| 10 Nov 2023 | £86,105 | £85,000 | 7 FERNDALE TERRACE |
| 10 Nov 2023 | £151,900 | £149,950 | 5 LISMORE TERRACE |
| 2 Nov 2023 | £160,055 | £158,000 | 5 FELL PLACE |
This house has a floor area of 72 sq meters or 776 sq feet when measured on 30 Jul 2009. Using an estimated price of £203,872 means this house is valued at £2,826 per sq meter (£262 per sq foot).
The average size of a house on FELL PLACE is 89 sq meters (965 sq feet).
This house is the largest in the street with a floor area of 72 sq meters (776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Under investigation | On or near Oakwood Close |
| Feb 2024 | Shoplifting | Under investigation | On or near Oakwood Close |
| Apr 2024 | Other crime | Under investigation | On or near Fell Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fell Road |
| Apr 2024 | Anti-social behaviour | On or near Uplands Way |