£149,992
This estimated value is based upon the latest sale price for the house of £140,000 on 20 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £140,000 | 20 Dec 2021 |
| £117,000 | 26 May 2020 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £140,000 results in an estimated price of approximately £149,992.
| 20 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £140,000 | £9,992 | £149,992 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -17.523 % | £-24,531 | £115,468 |
| 3 Month Average | -4.488 % | £-6,283 | £133,716 |
| 6 Month Average | 0.395 % | £553 | £140,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £262,295 | £260,000 | 52 LISLE ROAD |
| 2 Sep 2022 | £164,670 | £166,000 | 62 SUMMERHILL ROAD |
| 12 Aug 2022 | £185,002 | £185,500 | 50 FELTON AVENUE |
| 5 Aug 2022 | £114,691 | £115,000 | 94 THE HIGH ROAD |
| 1 Jul 2022 | £270,729 | £270,000 | 57 LISLE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 22 Feb 2019. Using an estimated price of £149,993 means this house is valued at £1,595 per sq meter (£148 per sq foot).
The average size of a house on SCHOOL APPROACH is 98 sq meters (1,058 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near School Approach |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near School Approach |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near School Approach |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Summerhill Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Summerhill Road |