£361,291
This estimated value is based upon the latest sale price for the house of £290,000 on 26 Apr 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £290,000 | 26 Apr 2019 |
| £270,000 | 29 Jul 2016 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 2019 the House Price Index for TYNE AND WEAR was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £290,000 results in an estimated price of approximately £361,291.
| 26 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £290,000 | £71,291 | £361,291 |
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 | -5.649 % | £-16,381 | £273,618 |
| 3 Month Average | 11.196 % | £32,468 | £322,468 |
| 6 Month Average | 7.093 % | £20,569 | £310,569 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £158,170 | £155,000 | 51 HIGHWORTH DRIVE |
| 9 Jun 2023 | £140,312 | £137,500 | 14 HEUGH HILL |
| 6 Apr 2023 | £104,963 | £103,000 | 19 HEUGH HILL |
| 25 Nov 2022 | £136,362 | £137,000 | 41 HIGHWORTH DRIVE |
| 30 May 2022 | £354,228 | £345,000 | THE OLD POLICE HOUSE HEUGH HILL |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 9 Jun 2015. Using an estimated price of £361,292 means this house is valued at £2,867 per sq meter (£266 per sq foot).
The average size of a house on PEARETH HALL ROAD is 173 sq meters (1,871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Peareth Hall Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Peareth Hall Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Peareth Hall Road |
| Jul 2024 | Anti-social behaviour | On or near Aldsworth Close | |
| Jul 2024 | Other theft | Under investigation | On or near Aldsworth Close |