£209,405
This estimated value is based upon the latest sale price for the house of £40,000 on 27 Mar 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £40,000 | 27 Mar 1997 |
| Terraced |
| Freehold |
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 1997 the House Price Index for TYNE AND WEAR was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.513%.Applying this 423.513% change to the original purchase price of £40,000 results in an estimated price of approximately £209,405.
| 27 Mar 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.513 % | £40,000 | £169,405 | £209,405 |
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 | 226.888 % | £90,755 | £130,755 |
| 3 Month Average | 236.036 % | £94,414 | £134,414 |
| 6 Month Average | 264.112 % | £105,644 | £145,644 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £138,000 | £138,000 | 78 BEVERLEY ROAD |
| 20 Nov 2023 | £112,668 | £111,000 | 74 SHERIFFS HIGHWAY |
| 18 Aug 2023 | £93,821 | £93,000 | 42 SPRINGFIELD PLACE |
| 31 Mar 2023 | £141,332 | £140,000 | 39 SPRINGFIELD PLACE |
| 26 Jan 2023 | £119,437 | £120,000 | 48 BEVERLEY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Springfield Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Old Durham Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Durham Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Old Durham Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Sheriffs Highway |