£335,758
This estimated value is based upon the latest sale price for the house of £124,000 on 15 Aug 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £124,000 | 15 Aug 2002 |
| £63,000 | 7 Dec 2001 |
| £59,000 | 19 Mar 1999 |
| £44,000 | 26 Mar 1997 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 63 sq meters or 678 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 August 2002 the House Price Index for TYNE AND WEAR was 54.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 170.773%.Applying this 170.773% change to the original purchase price of £124,000 results in an estimated price of approximately £335,758.
| 15 Aug 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 146.7 | 170.773 % | £124,000 | £211,758 | £335,758 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 74.400 % | £92,255 | £216,255 |
| 3 Month Average | 47.729 % | £59,184 | £183,184 |
| 6 Month Average | 87.394 % | £108,368 | £232,368 |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 24 Jan 2013.
The average size of a house on GOLDSPINK LANE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Back Goldspink Lane | |
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Back Goldspink Lane |
| Feb 2024 | Anti-social behaviour | On or near Back Goldspink Lane | |
| Feb 2024 | Anti-social behaviour | On or near Back Goldspink Lane | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Back Goldspink Lane |