£254,333
This estimated value is based upon the latest sale price for the house of £201,745 on 27 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£201,745 | 27 Nov 2017 |
Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £201,745 results in an estimated price of approximately £254,333.
27 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 148.6 | 26.067 % | £201,745 | £52,588 | £254,333 |
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 | -14.934 % | £-30,127 | £171,617 |
3 Month Average | 2.792 % | £5,632 | £207,377 |
6 Month Average | 13.285 % | £26,802 | £228,547 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £215,759 | £213,000 | 22 KIRKLAND CHASE |
17 Feb 2023 | £154,896 | £155,000 | 112 LAZONBY WAY |
9 Sep 2022 | £158,718 | £160,000 | 62 LAZONBY WAY |
8 Sep 2022 | £219,230 | £221,000 | 41 KIRKLAND CHASE |
1 Jul 2022 | £178,480 | £178,000 | 39 LAZONBY WAY |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 23 Nov 2017. Using an estimated price of £254,334 means this house is valued at £2,734 per sq meter (£254 per sq foot).
The average size of a house on LAZONBY WAY is 88 sq meters (950 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Lazonby Way | |
Dec 2023 | Anti-social behaviour | On or near Lazonby Way | |
Dec 2023 | Anti-social behaviour | On or near Lazonby Way | |
Dec 2023 | Anti-social behaviour | On or near Lazonby Way | |
Dec 2023 | Anti-social behaviour | On or near Lazonby Way |