£65,305
This estimated value is based upon the latest sale price for the house of £55,000 on 21 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £55,000 | 21 Sep 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 September 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £55,000 results in an estimated price of approximately £65,305.
| 21 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £55,000 | £10,305 | £65,305 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -5.266 % | £-2,896 | £52,103 |
| 3 Month Average | -1.712 % | £-941 | £54,058 |
| 6 Month Average | 9.553 % | £5,254 | £60,254 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £293,756 | £290,000 | 21 THE CEDARS |
| 13 Jun 2023 | £76,932 | £76,000 | 1 CAPSTAN COURT |
| 28 Apr 2023 | £133,437 | £132,000 | 33 SHERBURN TERRACE |
| 24 Feb 2023 | £294,802 | £295,000 | RAVENDALE |
| 24 Feb 2023 | £204,862 | £205,000 | 22 HILLDYKE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 15 May 2019. Using an estimated price of £65,306 means this house is valued at £1,209 per sq meter (£112 per sq foot).
The average size of a house on TANFIELD ROAD is 80 sq meters (866 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |
| Mar 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |
| Feb 2024 | Shoplifting | Under investigation | On or near Finchale Gardens |
| Feb 2024 | Shoplifting | Awaiting court outcome | On or near Finchale Gardens |
| Jan 2024 | Shoplifting | Awaiting court outcome | On or near Finchale Gardens |