£69,735
This estimated value is based upon the latest sale price for the house of £13,500 on 30 May 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Ladykirk Road
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| Price Paid | Date |
|---|---|
| £13,500 | 30 May 1997 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 May 1997 the House Price Index for TYNE AND WEAR was 28.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 416.558%.Applying this 416.558% change to the original purchase price of £13,500 results in an estimated price of approximately £69,735.
| 30 May 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 148.6 | 416.558 % | £13,500 | £56,235 | £69,735 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 287.863 % | £38,861 | £52,361 |
| 3 Month Average | 329.620 % | £44,498 | £57,998 |
| 6 Month Average | 364.901 % | £49,261 | £62,761 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £141,910 | £140,000 | 12 NORMOUNT AVENUE |
| 30 Jun 2023 | £177,146 | £175,000 | 136 NORMOUNT ROAD |
| 16 Jun 2023 | £60,736 | £60,000 | 153 LADYKIRK ROAD |
| 6 Feb 2023 | £154,896 | £155,000 | 117 NORMOUNT ROAD |
| 14 Dec 2021 | £144,636 | £135,000 | 113 NORMOUNT ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 28 Feb 2014. Using an estimated price of £69,735 means this house is valued at £690 per sq meter (£64 per sq foot).
The average size of a house on FAIRHOLM ROAD is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ladykirk Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ladykirk Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Ladykirk Road |
| Jan 2024 | Drugs | Awaiting court outcome | On or near Ladykirk Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ladykirk Road |