£112,649
This estimated value is based upon the latest sale price for the house of £65,000 on 10 Jun 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £65,000 | 10 Jun 2011 |
| £40,000 | 15 Nov 2002 |
| £15,000 | 17 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2011 the House Price Index for TYNE AND WEAR was 85.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.308%.Applying this 73.308% change to the original purchase price of £65,000 results in an estimated price of approximately £112,649.
| 10 Jun 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 148.6 | 73.308 % | £65,000 | £47,649 | £112,649 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 23.770 % | £15,450 | £80,450 |
| 3 Month Average | 21.948 % | £14,266 | £79,266 |
| 6 Month Average | 30.729 % | £19,973 | £84,973 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £58,512 | £58,000 | 19 CORSENSIDE |
| 2 Aug 2023 | £112,988 | £112,000 | 6 CORSENSIDE |
| 7 Jul 2023 | £101,314 | £99,950 | 18 EARSDON CLOSE |
| 28 Mar 2023 | £106,100 | £105,100 | 6 COLTPARK |
| 24 Mar 2023 | £89,846 | £89,000 | 8 DAYSHIELD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 8 Aug 2013. Using an estimated price of £112,650 means this house is valued at £1,161 per sq meter (£107 per sq foot).
The average size of a house on CORNHILL is 94 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cornhill |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cornhill |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cornhill |
| Dec 2023 | Public order | Under investigation | On or near Cornhill |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cornhill |