£106,451
This estimated value is based upon the latest sale price for the house of £62,500 on 12 Feb 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£62,500 | 12 Feb 2010 |
£96,000 | 1 Apr 2008 |
Terraced |
Leasehold |
Floor Area: 59 sq meters or 643 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 February 2010 the House Price Index for TYNE AND WEAR was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.322%.Applying this 70.322% change to the original purchase price of £62,500 results in an estimated price of approximately £106,451.
12 Feb 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.2 | 148.6 | 70.322 % | £62,500 | £43,951 | £106,451 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 33.043 % | £20,652 | £83,152 |
3 Month Average | 21.517 % | £13,448 | £75,948 |
6 Month Average | 21.795 % | £13,621 | £76,121 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £101,295 | £100,000 | 56 ASHOVER ROAD |
24 Aug 2023 | £181,589 | £180,000 | 19 DOWDING LANE |
16 Aug 2023 | £105,927 | £105,000 | 52 ASHOVER ROAD |
12 Jul 2023 | £101,364 | £100,000 | 3 AMBERGATE WAY |
28 Mar 2023 | £100,951 | £100,000 | 334 PONTELAND ROAD |
This house has a floor area of 59 sq meters or 643 sq feet when measured on 4 Sep 2009. Using an estimated price of £106,451 means this house is valued at £1,780 per sq meter (£165 per sq foot).
The average size of a house on SHIPTON LANE is 57 sq meters (614 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Dowding Lane |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ponteland Road |
Feb 2024 | Robbery | Under investigation | On or near Ponteland Road |
Jan 2024 | Public order | Under investigation | On or near Ponteland Road |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Highland Road |