£105,141
This estimated value is based upon the latest sale price for the house of £105,000 on 16 Dec 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £105,000 | 16 Dec 2022 |
| £85,000 | 30 Jun 2017 |
| Terraced |
| 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 December 2022 the House Price Index for TYNE AND WEAR was 148.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.135%.Applying this 0.135% change to the original purchase price of £105,000 results in an estimated price of approximately £105,141.
| 16 Dec 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 148.6 | 0.135 % | £105,000 | £141 | £105,141 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -16.490 % | £-17,314 | £87,685 |
| 3 Month Average | -2.986 % | £-3,135 | £101,864 |
| 6 Month Average | 1.080 % | £1,134 | £106,134 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2023 | £233,138 | £230,000 | 26 BEACONSIDE |
| 7 Jul 2023 | £278,752 | £275,000 | THE WHITE HORSE INN QUARRY LANE |
| 16 Jun 2023 | £121,471 | £120,000 | 19 CRAGSIDE |
| 31 Mar 2023 | £247,330 | £245,000 | 96 BEACONSIDE |
| 3 Feb 2023 | £249,832 | £250,000 | 44 BEACONSIDE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 12 Aug 2015.
The average size of a house on QUARRY LANE is 86 sq meters (932 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Quarry Lane |
| Feb 2024 | Anti-social behaviour | On or near Quarry Lane | |
| Feb 2024 | Anti-social behaviour | On or near Quarry Lane | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wakefield Avenue |
| Dec 2023 | Criminal damage and arson | Offender given a caution | On or near Wakefield Avenue |