£130,561
This estimated value is based upon the latest sale price for the house of £116,500 on 19 Feb 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £116,500 | 19 Feb 2021 |
| £42,000 | 23 Mar 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 February 2021 the House Price Index for TYNE AND WEAR was 130.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 12.070%.Applying this 12.070% change to the original purchase price of £116,500 results in an estimated price of approximately £130,561.
| 19 Feb 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 146.7 | 12.070 % | £116,500 | £14,061 | £130,561 |
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 | -32.047 % | £-37,334 | £79,165 |
| 3 Month Average | 3.799 % | £4,425 | £120,925 |
| 6 Month Average | 1.168 % | £1,360 | £117,860 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 27 Aug 2019.
The average size of a house on BENSHAM ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Windmill Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Windmill Way |
| Mar 2024 | Robbery | Under investigation | On or near Windmill Way |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Windmill Way |
| Dec 2023 | Anti-social behaviour | On or near Windmill Way |