£71,580
This estimated value is based upon the latest sale price for the house of £71,000 on 13 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Hornbeam Place
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| Price Paid | Date |
|---|---|
| £71,000 | 13 Jun 2023 |
| £78,000 | 17 May 2017 |
| £60,000 | 25 Nov 2011 |
| Flats/Maisonettes |
| Leasehold |
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 June 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.817%.Applying this 0.817% change to the original purchase price of £71,000 results in an estimated price of approximately £71,580.
| 13 Jun 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.0 | 0.817 % | £71,000 | £580 | £71,580 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 202.657 % | £143,886 | £214,886 |
| 3 Month Average | -1.697 % | £-1,204 | £69,795 |
| 6 Month Average | 0.523 % | £371 | £71,371 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £92,312 | £92,000 | FLAT 17 THE CEDARS PARK ROAD |
| 15 Dec 2023 | £122,314 | £120,000 | 8 HAWTHORN WALK |
| 14 Jul 2023 | £66,630 | £66,000 | FLAT 57 THE CEDARS PARK ROAD |
| 13 Jun 2023 | £71,580 | £71,000 | FLAT 12 THE CEDARS PARK ROAD |
| 1 Feb 2023 | £61,708 | £62,000 | FLAT 45 THE CEDARS PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hornbeam Place | |
| Mar 2024 | Burglary | Under investigation | On or near Hornbeam Place |
| Mar 2024 | Anti-social behaviour | On or near Hornbeam Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hornbeam Place |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hornbeam Place |