£1,053,367
This estimated value is based upon the latest sale price for the house of £850,000 on 18 Jul 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 |
|---|---|
| £850,000 | 18 Jul 2018 |
| £850,000 | 9 Oct 2008 |
| Detached |
| Freehold |
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 July 2018 the House Price Index for TYNE AND WEAR was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £850,000 results in an estimated price of approximately £1,053,367.
| 18 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £850,000 | £203,367 | £1,053,367 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 14.569 % | £123,836 | £973,836 |
| 3 Month Average | 31.363 % | £266,584 | £1,116,584 |
| 6 Month Average | 10.484 % | £89,112 | £939,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Sep 2022 | £213,278 | £215,000 | 27 FARNESWORTH COURT LINDISFARNE CLOSE |
| 1 Aug 2022 | £1,919,832 | £1,925,000 | 8 CASTLETON GROVE |
| 29 Jul 2022 | £280,756 | £280,000 | 103 BURLINGTON COURT ADDERSTONE CRESCENT |
| 25 Jul 2022 | £295,796 | £295,000 | 3 ERSKINE COURT LINDISFARNE CLOSE |
| 4 Mar 2022 | £1,450,767 | £1,400,000 | 15 CASTLETON GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Glastonbury Grove |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Glastonbury Grove |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Castleton Grove |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Castleton Grove |