£298,018
This estimated value is based upon the latest sale price for the house of £189,950 on 10 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£189,950 | 10 Aug 2007 |
£185,000 | 26 May 2006 |
£75,950 | 17 Mar 2000 |
Semi-Detached |
Leasehold |
Floor Area: 84 sq meters or 904 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 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £189,950 results in an estimated price of approximately £298,018.
10 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.7 | 148.6 | 56.893 % | £189,950 | £108,068 | £298,018 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 11.568 % | £21,973 | £211,923 |
3 Month Average | 2.834 % | £5,382 | £195,332 |
6 Month Average | 15.286 % | £29,036 | £218,986 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £249,363 | £245,000 | 22 LINACRE CLOSE |
1 Dec 2023 | £119,084 | £117,000 | 39 THORNBURY CLOSE |
1 Dec 2023 | £152,671 | £150,000 | 19 VELVILLE COURT |
28 Jul 2023 | £178,401 | £176,000 | 55 THORNBURY CLOSE |
24 Jul 2023 | £157,115 | £155,000 | 11 VELVILLE COURT |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 26 Nov 2021. Using an estimated price of £298,018 means this house is valued at £3,547 per sq meter (£329 per sq foot).
The average size of a house on VELVILLE COURT is 82 sq meters (890 sq feet).
This house is the largest in the street with a floor area of 84 sq meters (904 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Velville Court |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Velville Court |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Linacre Close |
Feb 2024 | Anti-social behaviour | On or near Linacre Close | |
Feb 2024 | Anti-social behaviour | On or near Linacre Close |