£291,149
This estimated value is based upon the latest sale price for the house of £218,000 on 23 Jun 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 |
|---|---|
| £218,000 | 23 Jun 2016 |
| Detached |
| Leasehold |
| Floor Area: 120 sq meters or 1,291 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £218,000 results in an estimated price of approximately £291,149.
| 23 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £218,000 | £73,149 | £291,149 |
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 | 1.785 % | £3,890 | £221,890 |
| 3 Month Average | 8.135 % | £17,733 | £235,733 |
| 6 Month Average | 29.485 % | £64,276 | £282,276 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £117,048 | £115,000 | 35 LUPIN CLOSE |
| 4 Aug 2023 | £309,709 | £307,000 | 5 COLEY HILL CLOSE |
| 27 Apr 2023 | £227,449 | £225,000 | 7 KINVER DRIVE |
| 24 Mar 2023 | £169,598 | £168,000 | 10 LUPIN CLOSE |
| 10 Feb 2023 | £236,841 | £237,000 | 2 KILLIN CLOSE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 10 Mar 2020. Using an estimated price of £291,150 means this house is valued at £2,426 per sq meter (£225 per sq foot).
The average size of a house on LADYBANK is 80 sq meters (870 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Ladybank |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Killin Close |
| Dec 2023 | Anti-social behaviour | On or near Kinver Drive | |
| Dec 2023 | Anti-social behaviour | On or near Kinver Drive | |
| Dec 2023 | Anti-social behaviour | On or near Kinver Drive |