£105,990
This estimated value is based upon the latest sale price for the house of £88,000 on 27 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £88,000 | 27 Mar 2020 |
| £77,000 | 14 May 2004 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £88,000 results in an estimated price of approximately £105,990.
| 27 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £88,000 | £17,990 | £105,990 |
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 | 4.152 % | £3,654 | £91,654 |
| 3 Month Average | -0.773 % | £-680 | £87,319 |
| 6 Month Average | 4.769 % | £4,196 | £92,196 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £144,529 | £142,000 | 2 BARENTS CLOSE |
| 1 Nov 2023 | £100,488 | £99,000 | 6 DOWNHAM |
| 18 Aug 2023 | £40,352 | £39,999 | 11 LOWLEAM COURT |
| 27 Apr 2023 | £157,698 | £156,000 | 7 GREELY ROAD |
| 13 Apr 2023 | £133,689 | £132,250 | 15 GREELY ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 17 Oct 2019. Using an estimated price of £105,990 means this house is valued at £1,232 per sq meter (£114 per sq foot).
The average size of a house on LORDENSHAW is 92 sq meters (998 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Lordenshaw | |
| Feb 2024 | Anti-social behaviour | On or near Lordenshaw | |
| Feb 2024 | Anti-social behaviour | On or near Lordenshaw | |
| Feb 2024 | Anti-social behaviour | On or near Lordenshaw | |
| Feb 2024 | Anti-social behaviour | On or near Lordenshaw |