£117,505
This estimated value is based upon the latest sale price for the house of £95,000 on 15 Aug 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 |
|---|---|
| £95,000 | 15 Aug 2018 |
| £93,000 | 27 Aug 2004 |
| £63,000 | 6 Jun 2003 |
| £32,000 | 28 Jan 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £95,000 results in an estimated price of approximately £117,505.
| 15 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £95,000 | £22,505 | £117,505 |
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 | -9.262 % | £-8,798 | £86,201 |
| 3 Month Average | 3.978 % | £3,779 | £98,779 |
| 6 Month Average | 14.410 % | £13,689 | £108,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £159,796 | £157,000 | 96 WEST AVENUE |
| 8 Nov 2023 | £86,277 | £85,000 | 85 FAIRSPRING |
| 4 Aug 2023 | £102,900 | £102,000 | 2 FAIRSPRING |
| 7 Jul 2023 | £116,569 | £115,000 | 8 FAIRSPRING |
| 24 Feb 2023 | £127,914 | £128,000 | 18 FAIRSPRING |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 5 Jul 2014. Using an estimated price of £117,506 means this house is valued at £1,250 per sq meter (£116 per sq foot).
The average size of a house on FAIRSPRING is 90 sq meters (978 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fairspring |
| Mar 2024 | Vehicle crime | Under investigation | On or near Fairspring |
| Mar 2024 | Anti-social behaviour | On or near Fairspring | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairspring |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fourstones |