£155,482
This estimated value is based upon the latest sale price for the house of £127,500 on 13 Feb 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Ottershaw
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| Price Paid | Date |
|---|---|
| £127,500 | 13 Feb 2019 |
| Terraced |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.947%.Applying this 21.947% change to the original purchase price of £127,500 results in an estimated price of approximately £155,482.
| 13 Feb 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.947 % | £127,500 | £27,982 | £155,482 |
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 | 10.741 % | £13,694 | £141,194 |
| 3 Month Average | 27.184 % | £34,659 | £162,159 |
| 6 Month Average | 14.751 % | £18,807 | £146,307 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 3 Sep 2018.
The average size of a house on ORMISTON is 76 sq meters (824 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Ottershaw |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Ottershaw |
| Mar 2024 | Anti-social behaviour | On or near Ordley Close | |
| Dec 2023 | Other theft | Under investigation | On or near St George'S Road |