£344,722
This estimated value is based upon the latest sale price for the house of £299,950 on 16 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£299,950 | 16 Jul 2021 |
£256,345 | 22 Feb 2019 |
Detached |
Freehold |
Floor Area: 109 sq meters or 1,173 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £299,950 results in an estimated price of approximately £344,722.
16 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.3 | 148.6 | 14.927 % | £299,950 | £44,772 | £344,722 |
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 | -8.983 % | £-26,943 | £273,006 |
3 Month Average | -18.385 % | £-55,146 | £244,803 |
6 Month Average | -15.506 % | £-46,509 | £253,440 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Jul 2023 | £339,570 | £335,000 | 12 PEACOCK CHASE |
30 Jun 2023 | £327,973 | £324,000 | 6 PEACOCK CHASE |
23 Jun 2023 | £198,656 | £196,250 | 90 SPECKLEDWOOD WAY |
1 Jun 2023 | £344,169 | £340,000 | 116 ROSEDEN WAY |
2 Feb 2023 | £229,845 | £230,000 | 126 ROSEDEN WAY |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 31 Mar 2021. Using an estimated price of £344,722 means this house is valued at £3,162 per sq meter (£293 per sq foot).
The average size of a house on SPECKLEDWOOD WAY is 100 sq meters (1,079 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Comma Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Speckledwood Way |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Speckledwood Way |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Speckledwood Way |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Peacock Chase |