£153,555
This estimated value is based upon the latest sale price for the house of £98,000 on 12 Feb 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £98,000 | 12 Feb 2008 |
| £79,000 | 16 Aug 2004 |
| £32,000 | 16 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2008 the House Price Index for TYNE AND WEAR was 94.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.689%.Applying this 56.689% change to the original purchase price of £98,000 results in an estimated price of approximately £153,555.
| 12 Feb 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 148.6 | 56.689 % | £98,000 | £55,555 | £153,555 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -7.805 % | £-7,648 | £90,351 |
| 3 Month Average | 5.495 % | £5,385 | £103,385 |
| 6 Month Average | 13.010 % | £12,750 | £110,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £114,464 | £113,000 | 26 RAEBURN ROAD |
| 17 Jul 2023 | £106,432 | £105,000 | 66 REYNOLDS AVENUE |
| 10 Jul 2023 | £83,119 | £82,000 | 78 LORRAIN ROAD |
| 4 Jul 2023 | £152,046 | £150,000 | 139 TURNER AVENUE |
| 26 Jun 2023 | £146,773 | £144,995 | 110 REYNOLDS AVENUE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Dec 2018. Using an estimated price of £153,555 means this house is valued at £2,075 per sq meter (£192 per sq foot).
The average size of a house on LORRAIN ROAD is 78 sq meters (845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sutherland Court |
| Feb 2024 | Anti-social behaviour | On or near Sutherland Court | |
| Feb 2024 | Anti-social behaviour | On or near Sutherland Court |