£195,044
This estimated value is based upon the latest sale price for the house of £181,000 on 29 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £181,000 | 29 Sep 2021 |
| £148,500 | 26 Mar 2004 |
| £98,000 | 15 Nov 2002 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £181,000 results in an estimated price of approximately £195,044.
| 29 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £181,000 | £14,044 | £195,044 |
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 | -13.675 % | £-24,750 | £156,249 |
| 3 Month Average | -2.593 % | £-4,692 | £176,307 |
| 6 Month Average | 4.986 % | £9,025 | £190,025 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £182,331 | £180,000 | 102 LANERCOST DRIVE |
| 7 Sep 2023 | £95,724 | £94,500 | 223 SILVER LONNEN |
| 28 Jul 2023 | £152,046 | £150,000 | 19 REEDSMOUTH PLACE |
| 17 Mar 2023 | £116,094 | £115,000 | 145 SILVER LONNEN |
| 15 Jul 2022 | £91,747 | £91,500 | 12 NURSERY GARDENS |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 11 Sep 2018. Using an estimated price of £195,044 means this house is valued at £2,826 per sq meter (£262 per sq foot).
The average size of a house on REEDSMOUTH PLACE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Reedsmouth Place |
| Mar 2024 | Anti-social behaviour | On or near Silver Lonnen | |
| Feb 2024 | Public order | Under investigation | On or near Silver Lonnen |
| Dec 2023 | Anti-social behaviour | On or near Silver Lonnen | |
| Dec 2023 | Anti-social behaviour | On or near Silver Lonnen |