£128,206
This estimated value is based upon the latest sale price for the house of £95,995 on 22 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,995 | 22 Jun 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £95,995 results in an estimated price of approximately £128,206.
| 22 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £95,995 | £32,211 | £128,206 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 71.758 % | £68,884 | £164,879 |
| 3 Month Average | 34.246 % | £32,874 | £128,869 |
| 6 Month Average | 33.174 % | £31,845 | £127,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £75,971 | £75,000 | FLAT 1 THE CEDARS PARK ROAD |
| 8 Sep 2023 | £61,790 | £61,000 | FLAT 27 THE CEDARS PARK ROAD |
| 14 Jul 2023 | £66,900 | £66,000 | FLAT 57 THE CEDARS PARK ROAD |
| 13 Jun 2023 | £71,871 | £71,000 | FLAT 12 THE CEDARS PARK ROAD |
| 1 Feb 2023 | £61,958 | £62,000 | FLAT 45 THE CEDARS PARK ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 10 Mar 2016. Using an estimated price of £128,206 means this house is valued at £1,363 per sq meter (£126 per sq foot).
The average size of a house on HAWTHORN PLACE is 139 sq meters (1,501 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Westmorland Road | |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Westmorland Road |