£163,220
This estimated value is based upon the latest sale price for the house of £119,950 on 31 Mar 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 |
|---|---|
| £119,950 | 31 Mar 2016 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £119,950 results in an estimated price of approximately £163,220.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £119,950 | £43,270 | £163,220 |
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 | 136.365 % | £163,570 | £283,520 |
| 3 Month Average | 40.666 % | £48,778 | £168,728 |
| 6 Month Average | 31.008 % | £37,193 | £157,143 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £152,557 | £149,500 | 4 WOOLF DRIVE |
| 3 Feb 2023 | £201,345 | £200,000 | 53 BRONTE WAY |
| 21 Oct 2022 | £150,747 | £151,250 | 35 CHRISTIE CLOSE |
| 22 Jul 2022 | £141,417 | £140,000 | 3 BRONTE WAY |
| 22 Jul 2022 | £146,468 | £145,000 | 3 CHRISTIE CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 23 Feb 2016. Using an estimated price of £163,220 means this house is valued at £1,920 per sq meter (£178 per sq foot).
The average size of a house on BRONTE WAY is 85 sq meters (923 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Bronte Way | |
| Aug 2024 | Anti-social behaviour | On or near Bronte Way | |
| Aug 2024 | Anti-social behaviour | On or near Bronte Way | |
| Aug 2024 | Anti-social behaviour | On or near Bronte Way | |
| Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Christie Close |