£162,423
This estimated value is based upon the latest sale price for the house of £113,299 on 5 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £113,299 | 5 Jun 2015 |
| £110,000 | 13 Jan 2012 |
| £118,000 | 29 Jan 2007 |
| £35,000 | 25 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 646 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 43.358%.Applying this 43.358% change to the original purchase price of £113,299 results in an estimated price of approximately £162,423.
| 5 Jun 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 146.7 | 43.358 % | £113,299 | £49,124 | £162,423 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 6.906 % | £7,824 | £121,123 |
| 3 Month Average | 15.464 % | £17,520 | £130,819 |
| 6 Month Average | 8.958 % | £10,149 | £123,448 |
This house has a floor area of 60 sq meters or 646 sq feet when measured on 5 Oct 2011.
The average size of a house on VILLAGE HEIGHTS is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Village Heights | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Village Heights |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Village Heights |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Village Heights |
| Mar 2024 | Anti-social behaviour | On or near Village Heights |