£171,952
This estimated value is based upon the latest sale price for the house of £108,375 on 29 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,375 | 29 Jun 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 678 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £108,375 results in an estimated price of approximately £171,952.
29 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.7 | 148.6 | 58.665 % | £108,375 | £63,577 | £171,952 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | -3.504 % | £-3,797 | £104,577 |
3 Month Average | 11.977 % | £12,980 | £121,355 |
6 Month Average | 9.735 % | £10,549 | £118,924 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £199,551 | £197,000 | 94 LANDFALL DRIVE |
2 Jun 2023 | £88,067 | £87,000 | 7 LANDFALL DRIVE |
20 Mar 2023 | £80,761 | £80,000 | 5 LANDFALL DRIVE |
30 Jun 2022 | £76,075 | £75,000 | 60 LANDFALL DRIVE |
29 Apr 2022 | £84,958 | £82,500 | 5 MAY CLOSE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 3 Jun 2020. Using an estimated price of £171,953 means this house is valued at £2,729 per sq meter (£253 per sq foot).
The average size of a house on MAY CLOSE is 79 sq meters (856 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near May Close |
Dec 2023 | Violence and sexual offences | Under investigation | On or near May Close |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Landfall Drive |