£203,232
This estimated value is based upon the latest sale price for the house of £118,500 on 24 Feb 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£118,500 | 24 Feb 2012 |
£152,995 | 1 Feb 2008 |
Semi-Detached |
Freehold |
Floor Area: 74 sq meters or 802 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 2012 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £118,500 results in an estimated price of approximately £203,232.
24 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.6 | 148.6 | 71.505 % | £118,500 | £84,732 | £203,232 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 56.682 % | £67,168 | £185,668 |
3 Month Average | 35.815 % | £42,440 | £160,940 |
6 Month Average | 27.792 % | £32,933 | £151,433 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £121,554 | £120,000 | 10 HAWTHORN ROAD |
14 Aug 2023 | £146,280 | £145,000 | 7 SIMONSIDE ROAD |
28 Jul 2023 | £157,115 | £155,000 | 25 HAGGERSTONE MEWS |
16 Jun 2023 | £194,354 | £192,000 | 5 SPRINGFIELD ROAD |
9 Jun 2023 | £167,023 | £165,000 | 3 HAGGERSTONE MEWS |
This house has a floor area of 74 sq meters or 802 sq feet when measured on 2 Mar 2011. Using an estimated price of £203,233 means this house is valued at £2,725 per sq meter (£253 per sq foot).
The average size of a house on SIMONSIDE ROAD is 74 sq meters (800 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Simonside Road | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Simonside Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Springfield Road |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Springfield Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parkside Avenue |