£93,344
This estimated value is based upon the latest sale price for the house of £87,000 on 23 Jun 2021. 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 |
|---|---|
| £87,000 | 23 Jun 2021 |
| £82,000 | 23 May 2014 |
| £64,000 | 9 Dec 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 June 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £87,000 results in an estimated price of approximately £93,344.
| 23 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £87,000 | £6,344 | £93,344 |
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 | 0.939 % | £817 | £87,817 |
| 3 Month Average | 23.534 % | £20,474 | £107,474 |
| 6 Month Average | -7.922 % | £-6,892 | £80,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £75,971 | £75,000 | FLAT 1 THE CEDARS PARK ROAD |
| 8 Sep 2023 | £61,790 | £61,000 | FLAT 27 THE CEDARS PARK ROAD |
| 14 Jul 2023 | £66,900 | £66,000 | FLAT 57 THE CEDARS PARK ROAD |
| 13 Jun 2023 | £71,871 | £71,000 | FLAT 12 THE CEDARS PARK ROAD |
| 1 Feb 2023 | £61,958 | £62,000 | FLAT 45 THE CEDARS PARK ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 25 May 2021. Using an estimated price of £93,344 means this house is valued at £1,555 per sq meter (£144 per sq foot).
The average size of a house on PARK ROAD is 64 sq meters (690 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Hornbeam Place |
| Mar 2024 | Anti-social behaviour | On or near Hornbeam Place | |
| Feb 2024 | Anti-social behaviour | On or near Hornbeam Place | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hornbeam Place |
| Feb 2024 | Anti-social behaviour | On or near Hornbeam Place |