£139,060
This estimated value is based upon the latest sale price for the house of £140,000 on 5 Aug 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 5 Aug 2022 |
| £120,000 | 1 May 2019 |
| £113,000 | 9 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2022 the House Price Index for TYNE AND WEAR was 149.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.671%.Applying this -0.671% change to the original purchase price of £140,000 results in an estimated price of approximately £139,060.
| 5 Aug 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.0 | -0.671 % | £140,000 | £-939 | £139,060 |
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 | -50.000 % | £-69,999 | £70,000 |
| 3 Month Average | -27.665 % | £-38,730 | £101,269 |
| 6 Month Average | -5.216 % | £-7,302 | £132,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £267,627 | £266,000 | 22 CHAPEL GRANGE |
| 12 Jul 2023 | £138,813 | £137,500 | 103 NAWORTH DRIVE |
| 16 Jun 2023 | £91,744 | £91,000 | 7 BAYBRIDGE ROAD |
| 13 Sep 2022 | £120,534 | £122,000 | 41 BAYBRIDGE ROAD |
| 5 Aug 2022 | £139,060 | £140,000 | 31 HILLHEAD WAY |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 4 Dec 2015. Using an estimated price of £139,060 means this house is valued at £1,598 per sq meter (£148 per sq foot).
The average size of a house on HILLHEAD WAY is 95 sq meters (1,028 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Hillhead Way |
| Apr 2024 | Anti-social behaviour | On or near Dewley Place | |
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Dewley Place |
| Jan 2024 | Anti-social behaviour | On or near Dewley Place | |
| Jan 2024 | Anti-social behaviour | On or near Dewley Place |