£168,920
This estimated value is based upon the latest sale price for the house of £135,000 on 21 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £135,000 | 21 Sep 2017 |
| £125,000 | 19 Jan 2015 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 September 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.126%.Applying this 25.126% change to the original purchase price of £135,000 results in an estimated price of approximately £168,920.
| 21 Sep 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 146.7 | 25.126 % | £135,000 | £33,920 | £168,920 |
The Postcode Pricing Model uses changes in average sales price within the NE36 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 | -45.744 % | £-61,754 | £73,245 |
| 3 Month Average | 6.452 % | £8,709 | £143,709 |
| 6 Month Average | -3.078 % | £-4,155 | £130,844 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 17 Jul 2013.
There is one other house on the street which we know the size of, this is 3 RAILWAY COTTAGES TILE SHED LANE it is 78.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Raeburn Road |
| Jan 2024 | Other crime | Under investigation | On or near Raeburn Road |