£212,535
This estimated value is based upon the latest sale price for the house of £159,995 on 23 Sep 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 |
---|---|
£159,995 | 23 Sep 2016 |
Terraced |
Freehold |
Floor Area: 91 sq meters or 979 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 September 2016 the House Price Index for TYNE AND WEAR was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £159,995 results in an estimated price of approximately £212,535.
23 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 148.6 | 32.839 % | £159,995 | £52,540 | £212,535 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 20.022 % | £32,034 | £192,029 |
3 Month Average | 12.588 % | £20,140 | £180,135 |
6 Month Average | 12.247 % | £19,593 | £179,588 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £261,877 | £258,000 | 118 LYNWOOD WAY |
18 Aug 2023 | £232,030 | £230,000 | 62 LYNWOOD WAY |
30 Jun 2023 | £197,391 | £195,000 | 58 LYNWOOD WAY |
30 Sep 2022 | £99,199 | £100,000 | 94 REDWOOD AVENUE |
1 Jul 2022 | £175,472 | £175,000 | 48 LYNWOOD WAY |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 May 2017. Using an estimated price of £212,536 means this house is valued at £2,335 per sq meter (£216 per sq foot).
The average size of a house on REDWOOD AVENUE is 75 sq meters (810 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Redwood Avenue |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Redwood Avenue |
Dec 2023 | Anti-social behaviour | On or near Redwood Avenue | |
Dec 2023 | Anti-social behaviour | On or near Redwood Avenue | |
Dec 2023 | Anti-social behaviour | On or near Redwood Avenue |