£126,337
This estimated value is based upon the latest sale price for the house of £73,500 on 5 Jan 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£73,500 | 5 Jan 2012 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 948 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 January 2012 the House Price Index for TYNE AND WEAR was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £73,500 results in an estimated price of approximately £126,337.
5 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.5 | 148.6 | 71.888 % | £73,500 | £52,837 | £126,337 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -20.783 % | £-15,275 | £58,224 |
3 Month Average | 2.479 % | £1,822 | £75,322 |
6 Month Average | 26.679 % | £19,608 | £93,108 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £146,055 | £143,500 | 12 AYTON CLOSE |
12 Jul 2023 | £139,376 | £137,500 | 103 NAWORTH DRIVE |
16 Jun 2023 | £92,116 | £91,000 | 7 BAYBRIDGE ROAD |
27 Jan 2023 | £169,203 | £170,000 | 14 AYTON CLOSE |
13 Sep 2022 | £121,023 | £122,000 | 41 BAYBRIDGE ROAD |
This house has a floor area of 88 sq meters or 948 sq feet when measured on 13 Sep 2011. Using an estimated price of £126,338 means this house is valued at £1,433 per sq meter (£133 per sq foot).
The average size of a house on HILLHEAD WAY is 95 sq meters (1,028 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Under investigation | On or near Hillhead Way |
Mar 2024 | Other crime | Under investigation | On or near Whorlton Place |
Mar 2024 | Anti-social behaviour | On or near Whorlton Place | |
Mar 2024 | Anti-social behaviour | On or near Whorlton Place | |
Mar 2024 | Anti-social behaviour | On or near Whorlton Place |