£151,259
This estimated value is based upon the latest sale price for the house of £97,500 on 9 Nov 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Fourstones
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| Price Paid | Date |
|---|---|
| £97,500 | 9 Nov 2007 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 November 2007 the House Price Index for TYNE AND WEAR was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £97,500 results in an estimated price of approximately £151,259.
| 9 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £97,500 | £53,759 | £151,259 |
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 | 10.774 % | £10,504 | £108,004 |
| 3 Month Average | 12.564 % | £12,250 | £109,750 |
| 6 Month Average | 16.383 % | £15,973 | £113,473 |
| 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 88 sq meters or 947 sq feet when measured on 29 Jan 2014. Using an estimated price of £151,260 means this house is valued at £1,718 per sq meter (£159 per sq foot).
The average size of a house on FOURSTONES is 93 sq meters (1,007 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Fourstones |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fourstones |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fourstones |
| Mar 2024 | Other theft | Under investigation | On or near Fourstones |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Fourstones |