£233,079
This estimated value is based upon the latest sale price for the house of £189,995 on 16 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£189,995 | 16 Dec 2019 |
Detached |
Freehold |
Floor Area: 82 sq meters or 882 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £189,995 results in an estimated price of approximately £233,079.
16 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 148.6 | 22.676 % | £189,995 | £43,084 | £233,079 |
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 | -21.973 % | £-41,746 | £148,248 |
3 Month Average | -1.259 % | £-2,392 | £187,602 |
6 Month Average | 11.812 % | £22,442 | £212,437 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £168,495 | £166,000 | 6 ASHGILL MEWS |
24 Mar 2023 | £288,720 | £286,000 | 20 STONEFOLD CLOSE |
30 Jun 2022 | £215,546 | £212,500 | 21 LAZONBY WAY |
25 Mar 2022 | £213,470 | £206,000 | 28 LAZONBY WAY |
30 Nov 2021 | £220,791 | £204,150 | 2 CROSSLANDS COURT |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 1 Nov 2019. Using an estimated price of £233,079 means this house is valued at £2,842 per sq meter (£264 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Furness Grove |
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Furness Grove |
Mar 2024 | Anti-social behaviour | On or near Pallinsburn Court | |
Mar 2024 | Anti-social behaviour | On or near Pallinsburn Court | |
Feb 2024 | Anti-social behaviour | On or near Pallinsburn Court |