£460,889
This estimated value is based upon the latest sale price for the house of £390,000 on 1 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £390,000 | 1 Oct 2020 |
| Detached |
| Leasehold |
| Floor Area: 168 sq meters or 1,808 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 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £390,000 results in an estimated price of approximately £460,889.
| 1 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £390,000 | £70,889 | £460,889 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | -3.888 % | £-15,161 | £374,838 |
| 3 Month Average | 10.754 % | £41,941 | £431,941 |
| 6 Month Average | 7.928 % | £30,917 | £420,917 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £273,401 | £265,000 | 44 CLOCKBURNSYDE CLOSE |
| 6 Nov 2023 | £533,544 | £520,000 | 18 FOXHILLS COVERT |
| 12 Oct 2023 | £411,854 | £402,500 | 5 ROOKERY LANE |
| 11 Aug 2023 | £278,014 | £273,000 | 6 SPRINGSYDE CLOSE |
| 29 Nov 2021 | £345,378 | £317,000 | 9 RUSHSYDE CLOSE |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 3 Feb 2020. Using an estimated price of £460,889 means this house is valued at £2,743 per sq meter (£254 per sq foot).
The average size of a house on NORHURST is 176 sq meters (1,897 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Norhurst | |
| May 2024 | Anti-social behaviour | On or near Springsyde Close | |
| May 2024 | Anti-social behaviour | On or near Springsyde Close | |
| May 2024 | Anti-social behaviour | On or near Springsyde Close | |
| May 2024 | Anti-social behaviour | On or near The Foxhills |