£115,000
This estimated value is based upon the latest sale price for the house of £68,965 on 19 Oct 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Market Lane
More crime details
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| Price Paid | Date |
|---|---|
| £68,965 | 19 Oct 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 October 2006 the House Price Index for TYNE AND WEAR was 88.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 66.753%.Applying this 66.753% change to the original purchase price of £68,965 results in an estimated price of approximately £115,000.
| 19 Oct 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 146.7 | 66.753 % | £68,965 | £46,035 | £115,000 |
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 | 53.327 % | £36,777 | £105,742 |
| 3 Month Average | 25.236 % | £17,403 | £86,368 |
| 6 Month Average | 47.513 % | £32,767 | £101,732 |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Mar 2013.
The average size of a house on MARKET LANE is 98 sq meters (1,056 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Market Lane |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Market Lane |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Market Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Market Lane |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Market Lane |