£466,011
This estimated value is based upon the latest sale price for the house of £97,500 on 23 Mar 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,500 | 23 Mar 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 180 sq meters or 1,937 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 March 1998 the House Price Index for TYNE AND WEAR was 31.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 377.961%.Applying this 377.961% change to the original purchase price of £97,500 results in an estimated price of approximately £466,011.
| 23 Mar 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.1 | 148.6 | 377.961 % | £97,500 | £368,511 | £466,011 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 150.075 % | £146,322 | £243,822 |
| 3 Month Average | 166.242 % | £162,085 | £259,585 |
| 6 Month Average | 191.310 % | £186,526 | £284,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £461,207 | £455,000 | 82 KING GEORGE ROAD |
| 1 Jun 2023 | £253,065 | £250,000 | 277 MORTIMER ROAD |
| 17 Jun 2022 | £152,150 | £150,000 | 17 HARTON COURT |
| 15 Oct 2021 | £414,929 | £375,000 | 31 KING GEORGE ROAD |
| 24 Sep 2021 | £436,425 | £405,000 | 13 KING GEORGE ROAD |
This house has a floor area of 180 sq meters or 1,937 sq feet when measured on 9 Mar 2015. Using an estimated price of £466,012 means this house is valued at £2,588 per sq meter (£240 per sq foot).
The average size of a house on KING GEORGE ROAD is 135 sq meters (1,461 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Under investigation | On or near Stanton Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cauldwell Villas |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cauldwell Villas |
| Mar 2024 | Anti-social behaviour | On or near Windermere Crescent | |
| Mar 2024 | Anti-social behaviour | On or near Windermere Crescent |