£81,181
This estimated value is based upon the latest sale price for the house of £48,500 on 5 Mar 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £48,500 | 5 Mar 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 March 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.384%.Applying this 67.384% change to the original purchase price of £48,500 results in an estimated price of approximately £81,181.
| 5 Mar 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.384 % | £48,500 | £32,681 | £81,181 |
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 | -5.832 % | £-2,828 | £45,671 |
| 3 Month Average | 20.802 % | £10,089 | £58,589 |
| 6 Month Average | 19.932 % | £9,667 | £58,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £290,805 | £286,500 | 15 LINDEN WAY |
| 8 Sep 2023 | £293,756 | £290,000 | 21 THE CEDARS |
| 11 Jul 2023 | £192,592 | £190,000 | 14 HAZELWOOD CLOSE |
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 28 Apr 2023 | £133,437 | £132,000 | 33 SHERBURN TERRACE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 31 Oct 2012. Using an estimated price of £81,181 means this house is valued at £1,449 per sq meter (£134 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Under investigation | On or near Witton Gardens |
| Mar 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |
| Mar 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Finchale Gardens |
| Feb 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |