£472,877
This estimated value is based upon the latest sale price for the house of £380,000 on 22 Feb 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 |
---|---|
£380,000 | 22 Feb 2018 |
£242,500 | 13 Aug 2004 |
£180,000 | 11 Oct 2002 |
Detached |
Freehold |
Floor Area: 178 sq meters or 1,915 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.442%.Applying this 24.442% change to the original purchase price of £380,000 results in an estimated price of approximately £472,877.
22 Feb 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.9 | 148.0 | 24.442 % | £380,000 | £92,877 | £472,877 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -32.114 % | £-122,033 | £257,966 |
3 Month Average | 8.767 % | £33,313 | £413,313 |
6 Month Average | 24.390 % | £92,682 | £472,682 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £150,140 | £147,300 | 22 SHIBDON CRESCENT |
21 Jul 2023 | £136,289 | £135,000 | 37 BIRCHAM DRIVE |
12 Jan 2023 | £111,025 | £112,000 | 7 BIRCHAM DRIVE |
18 Nov 2022 | £423,138 | £430,000 | 4 WOODLANDS PARK DRIVE |
26 Aug 2022 | £114,228 | £115,000 | 8 HIGH AXWELL |
This house has a floor area of 178 sq meters or 1,915 sq feet when measured on 2 Oct 2017. Using an estimated price of £472,878 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on SHIBDON BANK is 132 sq meters (1,422 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Shibdon Park View |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Shibdon Park View |
Mar 2024 | Possession of weapons | Under investigation | On or near Shibdon Park View |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shibdon Park View |
Mar 2024 | Public order | Under investigation | On or near Shibdon Park View |