£1,463,039
This estimated value is based upon the latest sale price for the house of £725,000 on 2 Apr 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £725,000 | 2 Apr 2004 |
| £285,000 | 4 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 492 sq meters or 5,295 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 April 2004 the House Price Index for TYNE AND WEAR was 72.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 101.799%.Applying this 101.799% change to the original purchase price of £725,000 results in an estimated price of approximately £1,463,039.
| 2 Apr 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 72.7 | 146.7 | 101.799 % | £725,000 | £738,039 | £1,463,039 |
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 | 82.490 % | £598,050 | £1,323,050 |
| 3 Month Average | 51.903 % | £376,298 | £1,101,298 |
| 6 Month Average | 55.118 % | £399,608 | £1,124,608 |
This house has a floor area of 492 sq meters or 5,295 sq feet when measured on 21 Jul 2016.
The average size of a house on LANE HEAD is 277 sq meters (2,984 sq feet).
This house is the largest in the street with a floor area of 492 sq meters (5,295 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Under investigation | On or near Lane Head |
| Jan 2024 | Shoplifting | Under investigation | On or near Lane Head |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lane Head |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lane Head |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Orchard Court |