£231,895
This estimated value is based upon the latest sale price for the house of £188,000 on 19 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £188,000 | 19 Feb 2018 |
| £183,500 | 25 Feb 2016 |
| £165,000 | 30 Nov 2012 |
| £175,000 | 10 Nov 2006 |
| £160,000 | 28 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.348%.Applying this 23.348% change to the original purchase price of £188,000 results in an estimated price of approximately £231,895.
| 19 Feb 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 146.7 | 23.348 % | £188,000 | £43,895 | £231,895 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -5.434 % | £-10,216 | £177,783 |
| 3 Month Average | 5.948 % | £11,181 | £199,181 |
| 6 Month Average | 14.331 % | £26,942 | £214,942 |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 4 Apr 2012.
The average size of a house on BILLY MILL LANE is 103 sq meters (1,116 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Cornhill Crescent |
| Mar 2024 | Anti-social behaviour | On or near Cornhill Crescent | |
| Mar 2024 | Anti-social behaviour | On or near Cornhill Crescent | |
| Mar 2024 | Anti-social behaviour | On or near Cornhill Crescent | |
| Dec 2023 | Anti-social behaviour | On or near Cornhill Crescent |