£171,507
This estimated value is based upon the latest sale price for the house of £102,000 on 15 Feb 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £102,000 | 15 Feb 2010 |
| £98,000 | 29 Aug 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 February 2010 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.145%.Applying this 68.145% change to the original purchase price of £102,000 results in an estimated price of approximately £171,507.
| 15 Feb 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 146.7 | 68.145 % | £102,000 | £69,507 | £171,507 |
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 | 32.952 % | £33,610 | £135,610 |
| 3 Month Average | 24.611 % | £25,103 | £127,103 |
| 6 Month Average | 34.307 % | £34,992 | £136,992 |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 12 Oct 2021.
The average size of a house on NURSERY GARDENS is 82 sq meters (889 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Reedsmouth Place |
| Mar 2024 | Anti-social behaviour | On or near Silver Lonnen | |
| Feb 2024 | Public order | Under investigation | On or near Silver Lonnen |
| Dec 2023 | Anti-social behaviour | On or near Silver Lonnen | |
| Dec 2023 | Anti-social behaviour | On or near Silver Lonnen |