£74,009
This estimated value is based upon the latest sale price for the house of £60,000 on 28 Feb 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £60,000 | 28 Feb 2018 |
| £100,000 | 4 May 2007 |
| £74,000 | 9 Sep 2005 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 946 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 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.348%.Applying this 23.348% change to the original purchase price of £60,000 results in an estimated price of approximately £74,009.
| 28 Feb 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 146.7 | 23.348 % | £60,000 | £14,009 | £74,009 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -3.520 % | £-2,111 | £57,888 |
| 3 Month Average | 15.471 % | £9,282 | £69,282 |
| 6 Month Average | 16.270 % | £9,762 | £69,762 |
This house has a floor area of 87 sq meters or 946 sq feet when measured on 20 Sep 2010.
The average size of a house on BENWELL LANE is 114 sq meters (1,232 sq feet).
This house is the smallest in the street with a floor area of 87 sq meters (946 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Under investigation | On or near Riddell Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Benwell Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Benwell Lane |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Benwell Lane |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Benwell Lane |