£399,484
This estimated value is based upon the latest sale price for the house of £294,950 on 29 Apr 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 |
|---|---|
| £294,950 | 29 Apr 2016 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £294,950 results in an estimated price of approximately £399,484.
| 29 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £294,950 | £104,534 | £399,484 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 63.048 % | £185,960 | £480,910 |
| 3 Month Average | 19.592 % | £57,787 | £352,737 |
| 6 Month Average | 2.020 % | £5,957 | £300,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £387,785 | £381,000 | 14 ASPENWOOD GROVE |
| 3 Jul 2023 | £146,978 | £145,000 | 21 WILLOWBAY DRIVE |
| 23 Jun 2023 | £240,918 | £238,000 | 4 WILLOWBAY DRIVE |
| 31 Mar 2023 | £378,567 | £375,000 | 31 SIR BOBBY ROBSON WAY |
| 14 Jun 2022 | £436,164 | £430,000 | 15 BIRCHWOOD CHASE |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 27 Jan 2016. Using an estimated price of £399,485 means this house is valued at £3,170 per sq meter (£294 per sq foot).
The average size of a house on BIRCHWOOD CHASE is 163 sq meters (1,758 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Birchwood Chase |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birchwood Chase |
| Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
| Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sir Bobby Robson Way |