£191,029
This estimated value is based upon the latest sale price for the house of £115,000 on 15 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,000 | 15 Jul 2013 |
| £95,000 | 20 Jan 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £115,000 results in an estimated price of approximately £191,029.
| 15 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £115,000 | £76,029 | £191,029 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -11.714 % | £-13,471 | £101,528 |
| 3 Month Average | 17.221 % | £19,803 | £134,803 |
| 6 Month Average | 19.352 % | £22,255 | £137,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £116,489 | £115,000 | 5 WILLOW GROVE |
| 13 Jul 2023 | £115,555 | £114,000 | 133 REDWOOD AVENUE |
| 1 Jul 2022 | £165,445 | £165,000 | 300 SUNDERLAND ROAD |
| 20 Jun 2022 | £170,408 | £168,000 | 15 QUARRY LANE |
| 1 Jun 2022 | £160,265 | £158,000 | 15 GORSE AVENUE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 25 Apr 2012. Using an estimated price of £191,029 means this house is valued at £2,301 per sq meter (£213 per sq foot).
The average size of a house on QUARRY LANE is 86 sq meters (932 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fir Grove |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Lilac Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lilac Avenue |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area |