£138,912
This estimated value is based upon the latest sale price for the house of £80,000 on 22 Dec 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £80,000 | 22 Dec 2011 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 December 2011 the House Price Index for TYNE AND WEAR was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £80,000 results in an estimated price of approximately £138,912.
| 22 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 149.7 | 73.641 % | £80,000 | £58,912 | £138,912 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 6.382 % | £5,105 | £85,105 |
| 3 Month Average | 29.482 % | £23,585 | £103,585 |
| 6 Month Average | 32.335 % | £25,868 | £105,868 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £82,084 | £80,000 | 26 BELMONT WALK |
| 3 Nov 2023 | £191,870 | £187,000 | 3 POTTERY PARK |
| 29 Sep 2023 | £163,607 | £160,000 | 6 POTTERY BANK |
| 20 Jan 2023 | £162,434 | £162,000 | 16 POTTERY BANK |
| 23 Aug 2022 | £180,846 | £180,000 | 30 CHALFONT ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 6 Nov 2014. Using an estimated price of £138,913 means this house is valued at £1,694 per sq meter (£157 per sq foot).
The average size of a house on LANCEFIELD AVENUE is 93 sq meters (1,003 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Sandwich Street |
| Jun 2024 | Drugs | Investigation complete; no suspect identified | On or near Sandwich Street |
| Jun 2024 | Possession of weapons | Under investigation | On or near Sandwich Street |
| Jun 2024 | Drugs | Under investigation | On or near Sandwich Street |
| May 2024 | Public order | Under investigation | On or near Sandwich Street |