£2,301,209
This estimated value is based upon the latest sale price for the house of £1,830,000 on 3 Apr 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £1,830,000 | 3 Apr 2018 |
| Freehold |
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 2018 the House Price Index for TYNE AND WEAR was 119.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.749%.Applying this 25.749% change to the original purchase price of £1,830,000 results in an estimated price of approximately £2,301,209.
| 3 Apr 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 149.7 | 25.749 % | £1,830,000 | £471,209 | £2,301,209 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | -0.604 % | £-11,051 | £1,818,948 |
| 3 Month Average | 40.588 % | £742,769 | £2,572,769 |
| 6 Month Average | 46.638 % | £853,469 | £2,683,469 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £146,735 | £143,500 | 6 GLEBE AVENUE |
| 25 Aug 2023 | £142,521 | £139,950 | 18 HOLME RISE |
| 9 Mar 2023 | £152,548 | £150,000 | 4 SIMONSIDE VIEW |
| 16 Sep 2022 | £249,833 | £250,000 | 8 FELLSIDE ROAD |
| 26 Aug 2022 | £178,334 | £177,500 | 3 BANK AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Hermitage Lane |
| Sep 2024 | Anti-social behaviour | On or near Hermitage Lane | |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hermitage Lane |
| Sep 2024 | Anti-social behaviour | On or near Hermitage Lane | |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hermitage Lane |