£79,172
This estimated value is based upon the latest sale price for the house of £78,000 on 3 Nov 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £78,000 | 3 Nov 2023 |
| £87,000 | 28 Sep 2007 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 November 2023 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £78,000 results in an estimated price of approximately £79,172.
| 3 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £78,000 | £1,172 | £79,172 |
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 | 23.017 % | £17,953 | £95,953 |
| 3 Month Average | -8.552 % | £-6,670 | £71,329 |
| 6 Month Average | -8.614 % | £-6,719 | £71,280 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £79,172 | £78,000 | 2 SPIRES LANE |
| 14 Jun 2023 | £87,561 | £86,500 | 128 HEADLAM STREET |
| 18 Nov 2022 | £79,043 | £80,000 | 7 VILLAGE PLACE |
| 11 Oct 2022 | £88,052 | £89,000 | 2 HEADLAM GARDEN |
| 14 Sep 2022 | £247,997 | £250,000 | THE GLENDALE POTTS STREET |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 1 Feb 2013. Using an estimated price of £79,172 means this house is valued at £799 per sq meter (£74 per sq foot).
The average size of a house on SPIRES LANE is 110 sq meters (1,189 sq feet).
This house is the largest in the street with a floor area of 99 sq meters (1,065 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Spires Lane |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spires Lane |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Spires Lane |
| Apr 2024 | Public order | Under investigation | On or near Spires Lane |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Spires Lane |