£223,933
This estimated value is based upon the latest sale price for the house of £100,000 on 31 Oct 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £100,000 | 31 Oct 2003 |
| Semi-Detached |
| Leasehold |
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 October 2003 the House Price Index for TYNE AND WEAR was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £100,000 results in an estimated price of approximately £223,933.
| 31 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £100,000 | £123,933 | £223,933 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 60.980 % | £60,980 | £160,980 |
| 3 Month Average | 65.709 % | £65,709 | £165,709 |
| 6 Month Average | 87.029 % | £87,028 | £187,028 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £182,705 | £180,000 | 122 LANGDON ROAD |
| 22 Sep 2023 | £272,484 | £269,000 | 24 GROSVENOR WAY |
| 16 Jun 2023 | £237,881 | £235,000 | 15 GLENWOOD WALK |
| 12 Apr 2023 | £97,045 | £96,000 | 14 GLENWOOD WALK |
| 24 Mar 2023 | £166,569 | £165,000 | 40 WEDMORE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hillhead Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillhead Road |
| Jan 2024 | Vehicle crime | Under investigation | On or near Kendale Walk |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Horwood Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Horwood Avenue |