£200,991
This estimated value is based upon the latest sale price for the house of £130,000 on 16 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£130,000 | 16 May 2014 |
Semi-Detached |
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 May 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £130,000 results in an estimated price of approximately £200,991.
16 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 148.6 | 54.609 % | £130,000 | £70,991 | £200,991 |
The Postcode Pricing Model uses changes in average sales price within the NE36 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 | -40.224 % | £-52,290 | £77,709 |
3 Month Average | -13.617 % | £-17,702 | £112,297 |
6 Month Average | -1.573 % | £-2,044 | £127,955 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £144,000 | £144,000 | 15 NEVIS GROVE |
13 Dec 2023 | £198,473 | £195,000 | 54 HINDMARCH DRIVE |
8 Dec 2023 | £173,027 | £170,000 | 84 HARDIE DRIVE |
16 Jun 2023 | £129,569 | £128,000 | 94 HARDIE DRIVE |
22 Jul 2022 | £147,397 | £147,000 | 12 NEVIS GROVE |
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hardie Drive |
Mar 2024 | Public order | Under investigation | On or near Hindmarch Drive |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Hindmarch Drive |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Grampian Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Grampian Grove |