£683,039
This estimated value is based upon the latest sale price for the house of £560,000 on 29 Jan 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £560,000 | 29 Jan 2020 |
| Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 January 2020 the House Price Index for TYNE AND WEAR was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £560,000 results in an estimated price of approximately £683,039.
| 29 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £560,000 | £123,039 | £683,039 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 21.136 % | £118,363 | £678,363 |
| 3 Month Average | -16.034 % | £-89,788 | £470,211 |
| 6 Month Average | 9.729 % | £54,481 | £614,481 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £481,152 | £475,000 | 2 LANSDOWNE GARDENS |
| 28 Apr 2023 | £111,197 | £110,000 | 7 HIGH DENE |
| 17 Feb 2023 | £389,738 | £390,000 | 28 BROXHOLM ROAD |
| 2 Feb 2023 | £324,781 | £325,000 | 12 LANSDOWNE GARDENS |
| 1 Jul 2022 | £1,854,993 | £1,850,000 | SYCAMORE LODGE MELBURY ROAD |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 9 Oct 2019. Using an estimated price of £683,040 means this house is valued at £4,949 per sq meter (£459 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Loweswood Close |
| Feb 2024 | Anti-social behaviour | On or near Glendyn Close | |
| Feb 2024 | Anti-social behaviour | On or near Glendyn Close | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near High Dene |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Broxholm Road |