£85,622
This estimated value is based upon the latest sale price for the house of £70,000 on 7 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 7 May 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £70,000 results in an estimated price of approximately £85,622.
| 7 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £70,000 | £15,622 | £85,622 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 35.093 % | £24,565 | £94,565 |
| 3 Month Average | 4.536 % | £3,175 | £73,175 |
| 6 Month Average | 6.244 % | £4,371 | £74,371 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £74,097 | £73,000 | 13 MACADAM STREET |
| 25 Aug 2023 | £161,412 | £160,000 | 15 BERNERS-LEE ROAD |
| 28 Jul 2023 | £108,967 | £107,500 | 4 TELFORD STREET |
| 5 Jul 2023 | £180,428 | £178,000 | 14 TELFORD STREET |
| 5 Apr 2023 | £187,014 | £185,000 | 16 ARMSTRONG STREET |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 5 Mar 2014. Using an estimated price of £85,623 means this house is valued at £1,317 per sq meter (£122 per sq foot).
The average size of a house on FONTWELL DRIVE is 93 sq meters (1,008 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Cartmel Grove |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cartmel Grove |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Cartmel Grove |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Cartmel Grove |
| Feb 2024 | Public order | Under investigation | On or near Cartmel Grove |