£245,615
This estimated value is based upon the latest sale price for the house of £195,995 on 28 Mar 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£195,995 | 28 Mar 2018 |
Detached |
Leasehold |
Floor Area: 93 sq meters or 1,001 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £195,995 results in an estimated price of approximately £245,615.
28 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 148.6 | 25.317 % | £195,995 | £49,620 | £245,615 |
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 | -6.149 % | £-12,051 | £183,943 |
3 Month Average | 6.871 % | £13,466 | £209,461 |
6 Month Average | 10.303 % | £20,192 | £216,187 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £168,495 | £166,000 | 6 ASHGILL MEWS |
8 Sep 2023 | £215,759 | £213,000 | 22 KIRKLAND CHASE |
9 Sep 2022 | £158,718 | £160,000 | 62 LAZONBY WAY |
8 Sep 2022 | £219,230 | £221,000 | 41 KIRKLAND CHASE |
30 Jun 2022 | £215,546 | £212,500 | 21 LAZONBY WAY |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 20 Mar 2017. Using an estimated price of £245,615 means this house is valued at £2,641 per sq meter (£245 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Furness Grove |
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Furness Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Police Station |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Police Station |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Police Station |