£146,707
This estimated value is based upon the latest sale price for the house of £29,750 on 5 Dec 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £29,750 | 5 Dec 1997 |
| Terraced |
| 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 December 1997 the House Price Index for TYNE AND WEAR was 30.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 393.133%.Applying this 393.133% change to the original purchase price of £29,750 results in an estimated price of approximately £146,707.
| 5 Dec 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 149.7 | 393.133 % | £29,750 | £116,957 | £146,707 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 454.432 % | £135,193 | £164,943 |
| 3 Month Average | 366.684 % | £109,088 | £138,838 |
| 6 Month Average | 297.532 % | £88,515 | £118,265 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £393,678 | £385,000 | 2 ELM TERRACE |
| 8 Sep 2023 | £254,613 | £249,000 | 18 IRWIN AVENUE |
| 17 Feb 2023 | £120,807 | £120,000 | 27 HUNTERS COURT |
| 20 Oct 2022 | £109,634 | £110,000 | 12 HUNTERS COURT |
| 30 Mar 2022 | £386,255 | £370,000 | 4 WHITEHOUSE MEWS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Lily Bank | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Lily Bank |
| May 2024 | Public order | Under investigation | On or near Lily Bank |
| May 2024 | Anti-social behaviour | On or near Lily Bank | |
| May 2024 | Anti-social behaviour | On or near Lily Bank |