£127,588
This estimated value is based upon the latest sale price for the house of £89,000 on 10 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £89,000 | 10 Jun 2015 |
| £92,000 | 27 Apr 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 782 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 43.358%.Applying this 43.358% change to the original purchase price of £89,000 results in an estimated price of approximately £127,588.
| 10 Jun 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 146.7 | 43.358 % | £89,000 | £38,588 | £127,588 |
The Postcode Pricing Model uses changes in average sales price within the NE10 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 | 4.833 % | £4,301 | £93,301 |
| 3 Month Average | 14.644 % | £13,032 | £102,032 |
| 6 Month Average | 13.285 % | £11,823 | £100,823 |
This house has a floor area of 72 sq meters or 782 sq feet when measured on 21 Sep 2011.
The average size of a house on OAKWOOD is 82 sq meters (882 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oakwood |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Oakwood |
| Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near Oakwood |
| Jan 2024 | Other crime | Under investigation | On or near Oakwood |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Oakwood |