£187,147
This estimated value is based upon the latest sale price for the house of £100,000 on 7 Feb 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 7 Feb 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 2005 the House Price Index for TYNE AND WEAR was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £100,000 results in an estimated price of approximately £187,147.
| 7 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £100,000 | £87,147 | £187,147 |
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 | 42.127 % | £42,126 | £142,126 |
| 3 Month Average | 31.578 % | £31,578 | £131,578 |
| 6 Month Average | 40.112 % | £40,112 | £140,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £70,907 | £70,000 | 203 STAMFORDHAM ROAD |
| 18 Aug 2023 | £178,562 | £177,000 | 7 HOUNDELEE PLACE |
| 28 Apr 2023 | £97,045 | £96,000 | 83 SPRINGFIELD ROAD |
| 24 Feb 2023 | £52,964 | £53,000 | 209 STAMFORDHAM ROAD |
| 24 Feb 2023 | £143,903 | £144,000 | 114 SOUTHMEAD AVENUE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 15 Jan 2014. Using an estimated price of £187,147 means this house is valued at £3,067 per sq meter (£285 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 91 sq meters (986 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hadstone Place |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hadstone Place |
| Mar 2024 | Anti-social behaviour | On or near Blakemoor Place | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Blakemoor Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Stamfordham Mews |