£153,175
This estimated value is based upon the latest sale price for the house of £85,000 on 21 Dec 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 21 Dec 2005 |
| £50,000 | 17 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 697 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 December 2005 the House Price Index for TYNE AND WEAR was 82.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.207%.Applying this 80.207% change to the original purchase price of £85,000 results in an estimated price of approximately £153,175.
| 21 Dec 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.5 | 148.6 | 80.207 % | £85,000 | £68,175 | £153,175 |
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 | 10.408 % | £8,846 | £93,846 |
| 3 Month Average | 18.271 % | £15,530 | £100,530 |
| 6 Month Average | 35.186 % | £29,907 | £114,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £173,027 | £170,000 | 10 THORNLEY ROAD |
| 25 Aug 2023 | £166,456 | £165,000 | 5 SANDRINGHAM ROAD |
| 21 Jul 2023 | £193,606 | £191,000 | 3 SANDRINGHAM ROAD |
| 5 Apr 2023 | £119,284 | £118,000 | 3 HEDGELEY ROAD |
| 24 Mar 2023 | £74,704 | £74,000 | 61 THORNLEY ROAD |
This house has a floor area of 64 sq meters or 697 sq feet when measured on 6 Oct 2010. Using an estimated price of £153,176 means this house is valued at £2,363 per sq meter (£219 per sq foot).
The average size of a house on GREENLAW is 75 sq meters (810 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hedgeley Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hedgeley Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hedgeley Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hedgeley Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Greenlaw |