£127,561
This estimated value is based upon the latest sale price for the house of £102,500 on 14 Jan 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£102,500 | 14 Jan 2019 |
£83,000 | 30 Jun 2004 |
Terraced |
Freehold |
Floor Area: 96 sq meters or 1,033 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 January 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £102,500 results in an estimated price of approximately £127,561.
14 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.450 % | £102,500 | £25,061 | £127,561 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -7.518 % | £-7,706 | £94,793 |
3 Month Average | 25.804 % | £26,448 | £128,948 |
6 Month Average | 6.604 % | £6,768 | £109,268 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £145,231 | £143,000 | 25 LYNWOOD AVENUE |
4 Oct 2023 | £42,976 | £42,000 | 5 JUNIPER COURT |
29 Sep 2023 | £132,930 | £130,000 | 8 LYNWOOD AVENUE |
18 Aug 2023 | £132,388 | £130,000 | 20 CLIFFORD STREET |
5 Jun 2023 | £244,908 | £240,000 | 4 BEDA HILL |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 15 Sep 2017. Using an estimated price of £127,561 means this house is valued at £1,328 per sq meter (£123 per sq foot).
The average size of a house on LYNWOOD AVENUE is 109 sq meters (1,180 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Clifford Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Whitmore Road |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Whitmore Road |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Whitmore Road |
May 2024 | Violence and sexual offences | Under investigation | On or near Whitmore Road |