£239,420
This estimated value is based upon the latest sale price for the house of £42,500 on 26 Apr 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £42,500 | 26 Apr 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 April 1996 the House Price Index for TYNE AND WEAR was 26.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 463.342%.Applying this 463.342% change to the original purchase price of £42,500 results in an estimated price of approximately £239,420.
| 26 Apr 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 148.6 | 463.342 % | £42,500 | £196,920 | £239,420 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 130.794 % | £55,587 | £98,087 |
| 3 Month Average | 223.575 % | £95,019 | £137,519 |
| 6 Month Average | 228.036 % | £96,915 | £139,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £289,283 | £285,000 | 23 HARTON RISE |
| 19 Sep 2023 | £187,396 | £185,000 | 85 HIGHFIELD DRIVE |
| 31 Aug 2023 | £121,059 | £120,000 | 21 WELLS GROVE |
| 17 Aug 2023 | £126,103 | £125,000 | 34 HARTON RISE |
| 28 Apr 2023 | £192,068 | £190,000 | 4 LEAFIELD CRESCENT |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 7 Nov 2012. Using an estimated price of £239,420 means this house is valued at £3,325 per sq meter (£308 per sq foot).
The average size of a house on HORSLEY VALE is 87 sq meters (943 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wells Grove |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Grove |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Grinstead Close |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Grinstead Close |