£140,377
This estimated value is based upon the latest sale price for the house of £140,000 on 14 Jul 2022. 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 Fourstones
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| Price Paid | Date |
|---|---|
| £140,000 | 14 Jul 2022 |
| £114,000 | 28 Nov 2019 |
| £65,000 | 5 Sep 2016 |
| £32,500 | 5 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 2022 the House Price Index for TYNE AND WEAR was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £140,000 results in an estimated price of approximately £140,377.
| 14 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £140,000 | £377 | £140,377 |
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 | -6.491 % | £-9,086 | £130,913 |
| 3 Month Average | -13.342 % | £-18,678 | £121,321 |
| 6 Month Average | -3.016 % | £-4,221 | £135,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £159,796 | £157,000 | 96 WEST AVENUE |
| 8 Nov 2023 | £86,277 | £85,000 | 85 FAIRSPRING |
| 4 Aug 2023 | £102,900 | £102,000 | 2 FAIRSPRING |
| 10 Jul 2023 | £105,419 | £104,000 | 71 FORDMOSS WALK |
| 7 Jul 2023 | £116,569 | £115,000 | 8 FAIRSPRING |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 30 Oct 2015. Using an estimated price of £140,378 means this house is valued at £1,009 per sq meter (£93 per sq foot).
The average size of a house on FAIRSPRING is 90 sq meters (978 sq feet).
This house is the largest in the street with a floor area of 139 sq meters (1,496 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fourstones |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fourstones |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Fourstones |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fourstones |
| Mar 2024 | Other theft | Under investigation | On or near Fourstones |