£508,057
This estimated value is based upon the latest sale price for the house of £324,995 on 21 Feb 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 |
|---|---|
| £324,995 | 21 Feb 2014 |
| Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.328%.Applying this 56.328% change to the original purchase price of £324,995 results in an estimated price of approximately £508,057.
| 21 Feb 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 146.7 | 56.328 % | £324,995 | £183,062 | £508,057 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 28.162 % | £91,526 | £416,521 |
| 3 Month Average | 17.328 % | £56,315 | £381,310 |
| 6 Month Average | 20.802 % | £67,604 | £392,599 |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 10 Jan 2013.
The average size of a house on LYNEMOUTH WAY is 101 sq meters (1,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Wagonway Drive | |
| Feb 2024 | Anti-social behaviour | On or near Wagonway Drive | |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wagonway Drive |
| Jan 2024 | Anti-social behaviour | On or near Lambley Way | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Lambley Way |