£97,926
This estimated value is based upon the latest sale price for the house of £69,600 on 30 Oct 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £69,600 | 30 Oct 2015 |
| Leasehold |
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 October 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £69,600 results in an estimated price of approximately £97,926.
| 30 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £69,600 | £28,326 | £97,926 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | -32.937 % | £-22,923 | £46,676 |
| 3 Month Average | -11.562 % | £-8,046 | £61,553 |
| 6 Month Average | 45.979 % | £32,001 | £101,601 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £123,581 | £122,500 | 44 OAKWOOD GARDENS |
| 4 Aug 2023 | £148,802 | £147,500 | C2 KINGFISHER HOUSE KINGSWAY |
| 9 Jun 2023 | £175,121 | £173,000 | 8 COACH ROAD |
| 24 Feb 2023 | £212,357 | £212,500 | 4 OAKWOOD GARDENS |
| 17 Feb 2023 | £89,939 | £90,000 | 20 OAKWOOD GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Princes Park |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fourth Avenue |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Second Avenue |
| Mar 2024 | Other crime | Under investigation | On or near Oakwood Gardens |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Oakwood Gardens |