£418,946
This estimated value is based upon the latest sale price for the house of £240,000 on 9 Nov 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £240,000 | 9 Nov 2009 |
| £125,000 | 30 Nov 2001 |
| Detached |
| Freehold |
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 November 2009 the House Price Index for TYNE AND WEAR was 85.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.561%.Applying this 74.561% change to the original purchase price of £240,000 results in an estimated price of approximately £418,946.
| 9 Nov 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 148.6 | 74.561 % | £240,000 | £178,946 | £418,946 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 25.630 % | £61,512 | £301,512 |
| 3 Month Average | 16.182 % | £38,837 | £278,837 |
| 6 Month Average | 16.194 % | £38,864 | £278,864 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £174,527 | £173,000 | 5 PENT COURT |
| 12 Apr 2023 | £253,732 | £251,000 | 7 YOUNGHALL CLOSE |
| 3 Mar 2023 | £272,568 | £270,000 | 2 CADAWAY HOUSES LEAD ROAD |
| 14 Jun 2022 | £344,874 | £340,000 | STORE HOUSE LEAD ROAD |
| 20 Apr 2022 | £339,834 | £330,000 | 14 YOUNGHALL CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heathfield Gardens |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heathfield Gardens |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Whiteley Close |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Whiteley Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Whiteley Close |