£456,224
This estimated value is based upon the latest sale price for the house of £75,000 on 13 Oct 2023. 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 Conway Square
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| Price Paid | Date |
|---|---|
| £75,000 | 13 Oct 2023 |
| £66,000 | 29 Jul 2021 |
| £57,000 | 11 Dec 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 October 2023 the House Price Index for TYNE AND WEAR was 24.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 508.300%.Applying this 508.300% change to the original purchase price of £75,000 results in an estimated price of approximately £456,224.
| 13 Oct 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.6 | 508.300 % | £75,000 | £381,224 | £456,224 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 7.506 % | £5,629 | £80,629 |
| 3 Month Average | -0.314 % | £-235 | £74,764 |
| 6 Month Average | 10.778 % | £8,083 | £83,083 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £111,653 | £110,000 | 5 CARIS STREET |
| 5 Sep 2023 | £7,091 | £7,000 | 7 CONWAY SQUARE |
| 14 Jul 2023 | £129,239 | £127,500 | 3 CONWAY SQUARE |
| 29 Jun 2023 | £58,711 | £58,000 | 7 CARIS STREET |
| 11 Nov 2022 | £67,186 | £68,000 | 12 CARIS STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 16 Apr 2014.
The average size of a house on CARR HILL ROAD is 84 sq meters (907 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Conway Square |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Conway Square |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Conway Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Conway Square |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Conway Square |