£242,789
This estimated value is based upon the latest sale price for the house of £143,000 on 12 Oct 2012. 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 Rookwood Road
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| Price Paid | Date |
|---|---|
| £143,000 | 12 Oct 2012 |
| £170,000 | 20 Jun 2005 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 October 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £143,000 results in an estimated price of approximately £242,789.
| 12 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £143,000 | £99,789 | £242,789 |
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 | 26.618 % | £38,063 | £181,063 |
| 3 Month Average | 21.411 % | £30,618 | £173,618 |
| 6 Month Average | 30.082 % | £43,017 | £186,017 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £131,774 | £130,000 | 41 ASHLEIGH ROAD |
| 30 Jun 2023 | £167,023 | £165,000 | 5 ROOKWOOD ROAD |
| 24 Feb 2023 | £121,918 | £122,000 | 37 HAYDON PLACE |
| 17 Feb 2023 | £69,953 | £70,000 | 15 TIRRIL PLACE |
| 10 Feb 2023 | £219,852 | £220,000 | 27 ASHLEIGH ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 25 Jan 2011. Using an estimated price of £242,789 means this house is valued at £3,372 per sq meter (£313 per sq foot).
The average size of a house on ROOKWOOD ROAD is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rookwood Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Rookwood Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Haydon Place |
| Jan 2024 | Burglary | Under investigation | On or near Haydon Place |
| Dec 2023 | Anti-social behaviour | On or near Haydon Place |