£222,560
This estimated value is based upon the latest sale price for the house of £74,500 on 5 Apr 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Leazes Lane
More crime details
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Price Paid | Date |
---|---|
£74,500 | 5 Apr 2002 |
Terraced |
Leasehold |
Floor Area: 45 sq meters or 484 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 2002 the House Price Index for TYNE AND WEAR was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £74,500 results in an estimated price of approximately £222,560.
5 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
49.7 | 148.6 | 198.739 % | £74,500 | £148,060 | £222,560 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | 18.673 % | £13,911 | £88,411 |
3 Month Average | 161.117 % | £120,031 | £194,531 |
6 Month Average | 52.073 % | £38,794 | £113,294 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £141,813 | £140,000 | 32 THE CHARE |
18 Aug 2023 | £105,422 | £104,500 | 10 THE CHARE |
7 Jul 2023 | £116,569 | £115,000 | 11 THE OPEN |
1 Feb 2023 | £117,921 | £118,000 | 11 THE CHARE |
27 Jan 2023 | £139,344 | £140,000 | 54 THE CHARE |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 6 Sep 2019. Using an estimated price of £222,560 means this house is valued at £4,945 per sq meter (£459 per sq foot).
The average size of a house on THE CHARE is 52 sq meters (567 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Leazes Lane |
Feb 2024 | Burglary | Under investigation | On or near Leazes Lane |
Jan 2024 | Anti-social behaviour | On or near Leazes Lane | |
Jan 2024 | Anti-social behaviour | On or near Leazes Lane | |
Jan 2024 | Anti-social behaviour | On or near Leazes Lane |