£379,598
This estimated value is based upon the latest sale price for the house of £375,000 on 2 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £375,000 | 2 Jun 2023 |
| £240,000 | 6 May 2011 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,315 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 2023 the House Price Index for TYNE AND WEAR was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £375,000 results in an estimated price of approximately £379,598.
| 2 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £375,000 | £4,598 | £379,598 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | -11.346 % | £-42,546 | £332,453 |
| 3 Month Average | 23.533 % | £88,250 | £463,250 |
| 6 Month Average | 5.417 % | £20,312 | £395,312 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £112,000 | £112,000 | 1 BROADMEADOWS |
| 21 Nov 2023 | £459,807 | £453,000 | 10 DRUMOYNE CLOSE |
| 7 Jul 2023 | £258,479 | £255,000 | 8 BROADMEADOWS |
| 2 Jun 2023 | £379,598 | £375,000 | 16 MEADOW LANE |
| 21 Apr 2023 | £298,211 | £295,000 | 20 LONGMEADOWS |
This house has a floor area of 122 sq meters or 1,315 sq feet when measured on 25 Aug 2010. Using an estimated price of £379,598 means this house is valued at £3,105 per sq meter (£288 per sq foot).
The average size of a house on MEADOW LANE is 165 sq meters (1,776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Meadow Lane | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Meadow Lane |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Drumoyne Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Longmeadows |
| Mar 2024 | Anti-social behaviour | On or near Meadow Drive |