£146,151
This estimated value is based upon the latest sale price for the house of £29,500 on 24 Oct 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 Genister Place
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| Price Paid | Date |
|---|---|
| £29,500 | 24 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 October 1997 the House Price Index for TYNE AND WEAR was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £29,500 results in an estimated price of approximately £146,151.
| 24 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £29,500 | £116,651 | £146,151 |
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 | 331.238 % | £97,715 | £127,215 |
| 3 Month Average | 348.948 % | £102,939 | £132,439 |
| 6 Month Average | 348.380 % | £102,771 | £132,271 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £106,870 | £105,000 | 124 TWO BALL LONNEN |
| 1 Feb 2023 | £119,919 | £120,000 | 132 TWO BALL LONNEN |
| 19 Jan 2023 | £94,555 | £95,000 | 182 OVINGTON GROVE |
| 16 Sep 2022 | £104,159 | £105,000 | 361 TWO BALL LONNEN |
| 13 Sep 2022 | £86,303 | £87,000 | 196 OVINGTON GROVE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 11 Nov 2016. Using an estimated price of £146,151 means this house is valued at £1,948 per sq meter (£181 per sq foot).
The average size of a house on TWO BALL LONNEN is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Genister Place | |
| Mar 2024 | Anti-social behaviour | On or near Genister Place | |
| Mar 2024 | Burglary | Under investigation | On or near Genister Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Genister Place |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Genister Place |