£313,570
This estimated value is based upon the latest sale price for the house of £233,500 on 6 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£233,500 | 6 May 2016 |
Terraced |
Freehold |
Floor Area: 125 sq meters or 1,345 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 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £233,500 results in an estimated price of approximately £313,570.
6 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 148.6 | 34.292 % | £233,500 | £80,070 | £313,570 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 2.274 % | £5,309 | £238,809 |
3 Month Average | -2.466 % | £-5,758 | £227,741 |
6 Month Average | 5.760 % | £13,448 | £246,948 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £229,007 | £225,000 | 10 HAWTHORN GARDENS |
29 Nov 2023 | £359,320 | £354,000 | 35 SOUTHWOOD GARDENS |
25 Aug 2023 | £297,604 | £295,000 | 22 ROSEWOOD GARDENS |
28 Jul 2023 | £327,913 | £323,500 | 29 ROSEWOOD GARDENS |
24 Jul 2023 | £299,025 | £295,000 | 18 WESTWOOD GARDENS |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 3 Aug 2015. Using an estimated price of £313,571 means this house is valued at £2,508 per sq meter (£233 per sq foot).
The average size of a house on HAWTHORN GARDENS is 134 sq meters (1,443 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hawthorn Gardens |
Feb 2024 | Anti-social behaviour | On or near Westwood Gardens | |
Feb 2024 | Anti-social behaviour | On or near Westwood Gardens | |
Jan 2024 | Public order | Under investigation | On or near Southwood Gardens |
Jan 2024 | Anti-social behaviour | On or near Southwood Gardens |