£149,724
This estimated value is based upon the latest sale price for the house of £100,000 on 24 Nov 2014. 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 James Street
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| Price Paid | Date |
|---|---|
| £100,000 | 24 Nov 2014 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £100,000 results in an estimated price of approximately £149,724.
| 24 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £100,000 | £49,724 | £149,724 |
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 | 21.751 % | £21,751 | £121,751 |
| 3 Month Average | 17.701 % | £17,700 | £117,700 |
| 6 Month Average | 22.608 % | £22,607 | £122,607 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £144,529 | £142,000 | 2 BARENTS CLOSE |
| 8 Dec 2023 | £244,274 | £240,000 | 81 WHEATFIELD ROAD |
| 27 Apr 2023 | £157,698 | £156,000 | 7 GREELY ROAD |
| 13 Apr 2023 | £133,689 | £132,250 | 15 GREELY ROAD |
| 31 Mar 2023 | £88,332 | £87,500 | 60 GREELY ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 5 Oct 2013. Using an estimated price of £149,724 means this house is valued at £2,138 per sq meter (£198 per sq foot).
The average size of a house on GREELY ROAD is 79 sq meters (858 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near James Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Greely Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wilkes Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wilkes Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wilkes Close |