£148,714
This estimated value is based upon the latest sale price for the house of £27,000 on 20 Jan 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £27,000 | 20 Jan 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 47 sq meters or 512 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 January 1995 the House Price Index for TYNE AND WEAR was 26.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 450.795%.Applying this 450.795% change to the original purchase price of £27,000 results in an estimated price of approximately £148,714.
| 20 Jan 1995 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 146.7 | 450.795 % | £27,000 | £121,714 | £148,714 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 216.305 % | £58,402 | £85,402 |
| 3 Month Average | 259.560 % | £70,081 | £97,081 |
| 6 Month Average | 256.313 % | £69,204 | £96,204 |
This house has a floor area of 47 sq meters or 512 sq feet when measured on 29 Feb 2012.
The average size of a house on SPRINGHILL GARDENS is 76 sq meters (827 sq feet).
This house is the smallest in the street with a floor area of 47 sq meters (512 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Springhill Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Springhill Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Springhill Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Springhill Gardens |
| Dec 2023 | Public order | Under investigation | On or near Springhill Gardens |