£131,670
This estimated value is based upon the latest sale price for the house of £119,000 on 21 Oct 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 |
|---|---|
| £119,000 | 21 Oct 2021 |
| £115,000 | 29 Mar 2019 |
| £108,500 | 31 Jul 2012 |
| £96,500 | 14 Aug 2009 |
| £96,500 | 14 Aug 2009 |
| £41,500 | 20 May 1998 |
| £37,000 | 20 Sep 1995 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £119,000 results in an estimated price of approximately £131,670.
| 21 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.6 | 10.648 % | £119,000 | £12,670 | £131,670 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | 7.084 % | £8,429 | £127,429 |
| 3 Month Average | 31.365 % | £37,324 | £156,324 |
| 6 Month Average | 35.126 % | £41,800 | £160,800 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Nov 2022 | £333,461 | £337,500 | WHITE HOUSE THORNLEY VIEW |
| 2 Sep 2022 | £237,085 | £239,000 | 6 SHERBURN GREEN |
| 12 May 2022 | £142,689 | £140,000 | 10 DOMINIES CLOSE |
| 25 Mar 2022 | £244,553 | £235,995 | 26 SHERBURN GREEN |
| 25 Mar 2022 | £252,843 | £243,995 | 20 SHERBURN GREEN |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 25 Jul 2018. Using an estimated price of £131,671 means this house is valued at £1,625 per sq meter (£151 per sq foot).
The average size of a house on COWEN TERRACE is 86 sq meters (935 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lilley Terrace |
| Feb 2024 | Anti-social behaviour | On or near Norwood Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Norwood Crescent | |
| Dec 2023 | Anti-social behaviour | On or near Norwood Crescent | |
| Dec 2023 | Anti-social behaviour | On or near Norwood Crescent |