£253,645
This estimated value is based upon the latest sale price for the house of £245,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £245,000 | 25 Feb 2022 |
| £135,000 | 8 May 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.529%.Applying this 3.529% change to the original purchase price of £245,000 results in an estimated price of approximately £253,645.
| 25 Feb 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 146.7 | 3.529 % | £245,000 | £8,645 | £253,645 |
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 | 86.570 % | £212,097 | £457,097 |
| 3 Month Average | 30.404 % | £74,489 | £319,489 |
| 6 Month Average | 7.020 % | £17,197 | £262,197 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 26 Aug 2014.
The average size of a house on BURN ROAD is 117 sq meters (1,262 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Herd Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mary Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mary Street |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Mary Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mary Street |