£136,290
This estimated value is based upon the latest sale price for the house of £87,000 on 25 Apr 2008. 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 Burney Villas
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Price Paid | Date |
---|---|
£87,000 | 25 Apr 2008 |
£46,000 | 26 Jul 2002 |
£34,250 | 31 Mar 1995 |
Terraced |
Freehold |
Floor Area: 57 sq meters or 613 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 April 2008 the House Price Index for TYNE AND WEAR was 93.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.655%.Applying this 56.655% change to the original purchase price of £87,000 results in an estimated price of approximately £136,290.
25 Apr 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.6 | 146.7 | 56.655 % | £87,000 | £49,290 | £136,290 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 14.331 % | £12,467 | £99,467 |
3 Month Average | 12.447 % | £10,828 | £97,828 |
6 Month Average | 5.548 % | £4,827 | £91,827 |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 14 Aug 2020.
The average size of a house on BURNEY VILLAS is 65 sq meters (707 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Burglary | Under investigation | On or near Burney Villas |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Fife Street |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Fife Street |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Ellison Villas |