£106,953
This estimated value is based upon the latest sale price for the house of £70,000 on 11 Jul 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 11 Jul 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 July 2014 the House Price Index for TYNE AND WEAR was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £70,000 results in an estimated price of approximately £106,953.
| 11 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £70,000 | £36,953 | £106,953 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | -0.066 % | £-46 | £69,953 |
| 3 Month Average | -15.215 % | £-10,650 | £59,349 |
| 6 Month Average | 23.731 % | £16,612 | £86,612 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2022 | £126,792 | £125,000 | 22 STEWARTSFIELD |
| 25 Mar 2022 | £170,983 | £165,000 | 49A BARKWOOD ROAD |
| 28 Feb 2022 | £125,843 | £120,000 | 6 LEAZES VIEW |
| 29 Oct 2021 | £567,070 | £512,500 | HAINING BANK STRATHMORE ROAD |
| 17 Sep 2021 | £107,759 | £100,000 | 55 LEAZES VIEW |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Mar 2014. Using an estimated price of £106,953 means this house is valued at £1,407 per sq meter (£130 per sq foot).
The average size of a house on BURNSIDE ROAD is 134 sq meters (1,450 sq feet).
This house is the smallest in the street with a floor area of 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Woodlands Road |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road | |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road | |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road | |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Road |