£191,976
This estimated value is based upon the latest sale price for the house of £59,950 on 7 Nov 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £59,950 | 7 Nov 2001 |
| £47,000 | 21 Aug 1998 |
| Terraced |
| Freehold |
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 November 2001 the House Price Index for TYNE AND WEAR was 46.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 220.228%.Applying this 220.228% change to the original purchase price of £59,950 results in an estimated price of approximately £191,976.
| 7 Nov 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.6 | 220.228 % | £59,950 | £132,026 | £191,976 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 90.053 % | £53,986 | £113,936 |
| 3 Month Average | 131.559 % | £78,869 | £138,819 |
| 6 Month Average | 147.428 % | £88,383 | £148,333 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £131,774 | £130,000 | 73 FENNEL GROVE |
| 13 Jan 2023 | £146,759 | £147,450 | 86 BASIL WAY |
| 29 Oct 2021 | £154,907 | £140,000 | 49 SORREL GARDENS |
| 29 Sep 2021 | £269,398 | £250,000 | 61 CARAWAY WALK |
| 9 Sep 2021 | £142,242 | £132,000 | 71 FENNEL GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Caraway Walk | |
| Mar 2024 | Other crime | Under investigation | On or near Caraway Walk |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Holder House Way |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Holder House Way |
| Feb 2024 | Anti-social behaviour | On or near Holder House Way |