£111,071
This estimated value is based upon the latest sale price for the house of £85,000 on 23 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 23 Jan 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £85,000 results in an estimated price of approximately £111,071.
| 23 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £85,000 | £26,071 | £111,071 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 11.049 % | £9,392 | £94,392 |
| 3 Month Average | 39.098 % | £33,233 | £118,233 |
| 6 Month Average | 33.412 % | £28,400 | £113,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £172,555 | £170,000 | 12 WHITEHOUSE LANE |
| 14 Jul 2023 | £146,978 | £145,000 | 128 MORWICK ROAD |
| 17 Feb 2023 | £159,892 | £160,000 | 78 TINTERN CRESCENT |
| 17 Mar 2022 | £124,351 | £120,000 | 59 MORWICK ROAD |
| 3 Mar 2022 | £142,486 | £137,500 | 84 MORWICK ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 11 Oct 2016. Using an estimated price of £111,072 means this house is valued at £1,234 per sq meter (£114 per sq foot).
The average size of a house on WHITEHOUSE LANE is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Whitehouse Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Whitehouse Lane |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Whitehouse Lane |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Whitehouse Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Whitehouse Lane |