£262,864
This estimated value is based upon the latest sale price for the house of £232,000 on 7 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £232,000 | 7 Dec 2020 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 13.304%.Applying this 13.304% change to the original purchase price of £232,000 results in an estimated price of approximately £262,864.
| 7 Dec 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 146.7 | 13.304 % | £232,000 | £30,864 | £262,864 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | -8.687 % | £-20,154 | £211,845 |
| 3 Month Average | -12.273 % | £-28,474 | £203,525 |
| 6 Month Average | -4.009 % | £-9,301 | £222,698 |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 3 May 2019.
The average size of a house on LINDISFARNE TERRACE is 126 sq meters (1,362 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Lindisfarne Terrace |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Belford Terrace |
| Jan 2024 | Public order | Offender given a caution | On or near Belford Terrace |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Preston Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Preston Road |