£154,456
This estimated value is based upon the latest sale price for the house of £53,000 on 17 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £53,000 | 17 May 2002 |
| £35,000 | 20 Nov 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £53,000 results in an estimated price of approximately £154,456.
| 17 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £53,000 | £101,456 | £154,456 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 47.316 % | £25,077 | £78,077 |
| 3 Month Average | 115.029 % | £60,965 | £113,965 |
| 6 Month Average | 120.887 % | £64,070 | £117,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £129,924 | £128,000 | CARR HILL CLINIC CARR HILL ROAD |
| 3 Apr 2023 | £98,561 | £97,500 | 20 MILLWAY |
| 27 Jan 2023 | £144,320 | £145,000 | 68 THE AVENUE |
| 3 Aug 2022 | £109,705 | £110,000 | 26 MILLWAY |
| 4 Jul 2022 | £123,833 | £123,500 | 24 MILLWAY |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 Jan 2014. Using an estimated price of £154,457 means this house is valued at £1,755 per sq meter (£163 per sq foot).
There is one other house on the street which we know the size of, this is 3 PILGRIMSWAY it is 90.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Pilgrimsway |
| Feb 2024 | Other theft | Under investigation | On or near Pilgrimsway |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Pilgrimsway |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Pattinson Gardens |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pattinson Gardens |