£321,035
This estimated value is based upon the latest sale price for the house of £212,000 on 15 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £212,000 | 15 Aug 2014 |
| £60,000 | 16 Feb 2007 |
| £127,100 | 13 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 August 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £212,000 results in an estimated price of approximately £321,035.
| 15 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £212,000 | £109,035 | £321,035 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 42.965 % | £91,086 | £303,086 |
| 3 Month Average | 32.207 % | £68,279 | £280,279 |
| 6 Month Average | 29.502 % | £62,543 | £274,543 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £391,856 | £385,000 | 5 CLAVERING WAY |
| 11 Aug 2023 | £358,133 | £355,000 | 19 WESTERN WAY |
| 3 Aug 2023 | £465,069 | £461,000 | 4A SHIBDON WAY |
| 27 Jul 2023 | £357,309 | £352,500 | 5 NAPIER WAY |
| 22 Jun 2023 | £417,369 | £412,313 | 90 SHIBDON ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 10 Apr 2014. Using an estimated price of £321,035 means this house is valued at £3,178 per sq meter (£295 per sq foot).
There is one other house on the street which we know the size of, this is 1 LAKE APPROACH it is 93.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Shibdon Way |
| Mar 2024 | Anti-social behaviour | On or near Bates Lane | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bates Lane |
| Jan 2024 | Anti-social behaviour | On or near Bates Lane | |
| Jan 2024 | Anti-social behaviour | On or near Bates Lane |