£45,154
This estimated value is based upon the latest sale price for the house of £30,000 on 26 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £30,000 | 26 Sep 2014 |
| £40,000 | 29 Apr 2005 |
| £22,000 | 29 Nov 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £30,000 results in an estimated price of approximately £45,154.
| 26 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £30,000 | £15,154 | £45,154 |
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 | 27.946 % | £8,383 | £38,383 |
| 3 Month Average | 19.004 % | £5,701 | £35,701 |
| 6 Month Average | 19.530 % | £5,859 | £35,859 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £114,464 | £113,000 | 22 LYNNWOOD TERRACE |
| 29 Sep 2023 | £114,464 | £113,000 | 20 LYNNWOOD TERRACE |
| 31 Aug 2023 | £131,147 | £130,000 | 6 BENTINCK VILLAS |
| 25 Aug 2023 | £181,589 | £180,000 | 6 MCEWAN GARDENS |
| 10 Aug 2023 | £236,065 | £234,000 | 10 LYNNWOOD TERRACE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 13 Jul 2013. Using an estimated price of £45,154 means this house is valued at £792 per sq meter (£73 per sq foot).
The average size of a house on BENTINCK VILLAS is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lynnwood Terrace |