£172,671
This estimated value is based upon the latest sale price for the house of £138,995 on 31 May 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 |
|---|---|
| £138,995 | 31 May 2018 |
| Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 24.228%.Applying this 24.228% change to the original purchase price of £138,995 results in an estimated price of approximately £172,671.
| 31 May 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.0 | 24.228 % | £138,995 | £33,676 | £172,671 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | 73.264 % | £101,833 | £240,828 |
| 3 Month Average | 15.497 % | £21,540 | £160,535 |
| 6 Month Average | 25.684 % | £35,699 | £174,694 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £189,432 | £187,000 | 3 POTTERY PARK |
| 20 Jan 2023 | £160,589 | £162,000 | 16 POTTERY BANK |
| 17 Aug 2022 | £143,034 | £144,000 | 1332 WALKER ROAD |
| 25 May 2022 | £116,735 | £115,000 | 1320 WALKER ROAD |
| 14 Mar 2022 | £129,010 | £125,000 | 56 LANCEFIELD AVENUE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 16 Oct 2017. Using an estimated price of £172,671 means this house is valued at £2,431 per sq meter (£225 per sq foot).
The average size of a house on POTTERY BANK is 99 sq meters (1,065 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
| Apr 2024 | Anti-social behaviour | On or near Mafeking Street | |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mafeking Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mafeking Street |
| Mar 2024 | Drugs | Under investigation | On or near Mafeking Street |