£241,632
This estimated value is based upon the latest sale price for the house of £203,500 on 7 Sep 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 |
---|---|
£203,500 | 7 Sep 2020 |
£179,995 | 28 Nov 2016 |
Semi-Detached |
Freehold |
Floor Area: 98 sq meters or 1,054 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 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £203,500 results in an estimated price of approximately £241,632.
7 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
125.1 | 148.6 | 18.738 % | £203,500 | £38,132 | £241,632 |
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 | -3.265 % | £-6,644 | £196,855 |
3 Month Average | -7.838 % | £-15,949 | £187,550 |
6 Month Average | 1.153 % | £2,346 | £205,846 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Jun 2023 | £99,202 | £98,000 | 23 HAGGERSTON CRESCENT |
28 Apr 2023 | £146,578 | £145,000 | 51 HAGGERSTON CRESCENT |
17 Feb 2023 | £154,896 | £155,000 | 112 LAZONBY WAY |
15 Oct 2021 | £143,842 | £130,000 | 14 FURNESS GROVE |
20 Sep 2021 | £118,535 | £110,000 | 53 HAGGERSTON CRESCENT |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 23 Nov 2016. Using an estimated price of £241,632 means this house is valued at £2,465 per sq meter (£229 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Furness Grove |
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Furness Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Police Station |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Police Station |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Police Station |