£505,634
This estimated value is based upon the latest sale price for the house of £383,500 on 9 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £383,500 | 9 Jun 2016 |
| Terraced |
| Freehold |
| Floor Area: 329 sq meters or 3,541 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.847%.Applying this 31.847% change to the original purchase price of £383,500 results in an estimated price of approximately £505,634.
| 9 Jun 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 146.7 | 31.847 % | £383,500 | £122,134 | £505,634 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | -4.080 % | £-15,647 | £367,852 |
| 3 Month Average | -22.662 % | £-86,908 | £296,591 |
| 6 Month Average | -2.802 % | £-10,745 | £372,754 |
This house has a floor area of 329 sq meters or 3,541 sq feet when measured on 28 Mar 2018.
There is one other house on the street which we know the size of, this is 14 JESMOND ROAD WEST it is 295.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Jesmond Road West |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Jesmond Road West |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Jesmond Road West |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Jesmond Road West |
| Mar 2024 | Burglary | Under investigation | On or near Parking Area |