£216,106
This estimated value is based upon the latest sale price for the house of £165,000 on 13 Feb 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 |
|---|---|
| £165,000 | 13 Feb 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £165,000 results in an estimated price of approximately £216,106.
| 13 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £165,000 | £51,106 | £216,106 |
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 | 61.471 % | £101,427 | £266,427 |
| 3 Month Average | 32.861 % | £54,219 | £219,219 |
| 6 Month Average | 12.133 % | £20,019 | £185,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £153,332 | £152,000 | 1 EPSOM COURT |
| 22 Mar 2024 | £248,823 | £245,000 | 22 LALEHAM COURT |
| 20 Nov 2023 | £128,256 | £125,000 | 50 CHICHESTER CLOSE |
| 17 Nov 2023 | £143,646 | £140,000 | 18 FAVERSHAM COURT |
| 6 Oct 2023 | £179,067 | £175,000 | 16 LALEHAM COURT |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 19 Jan 2017. Using an estimated price of £216,106 means this house is valued at £2,483 per sq meter (£230 per sq foot).
The average size of a house on FAVERSHAM COURT is 94 sq meters (1,015 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Windsor Way |
| Jun 2024 | Anti-social behaviour | On or near Fetcham Court | |
| Jun 2024 | Anti-social behaviour | On or near Fetcham Court | |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Laleham Court |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Laleham Court |