£49,972
This estimated value is based upon the latest sale price for the house of £16,000 on 18 Jan 2002. 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 Spring Garden Lane
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| Price Paid | Date |
|---|---|
| £16,000 | 18 Jan 2002 |
| £26,000 | 18 Jan 2002 |
| £26,000 | 18 Jan 2002 |
| £16,000 | 12 Jul 2000 |
| Terraced |
| Freehold |
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 January 2002 the House Price Index for TYNE AND WEAR was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £16,000 results in an estimated price of approximately £49,972.
| 18 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 47.6 | 148.6 | 212.329 % | £16,000 | £33,972 | £49,972 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 750.386 % | £120,061 | £136,061 |
| 3 Month Average | 283.153 % | £45,304 | £61,304 |
| 6 Month Average | 299.340 % | £47,894 | £63,894 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £111,501 | £110,000 | 11 QUEENS COURT BARRACK ROAD |
| 14 Mar 2023 | £115,084 | £114,000 | 23 QUEENS COURT BARRACK ROAD |
| 2 Mar 2023 | £96,913 | £96,000 | 86 QUEENS COURT BARRACK ROAD |
| 4 Aug 2022 | £134,638 | £135,000 | 230C WESTGATE ROAD |
| 31 Mar 2022 | £450,774 | £435,000 | 264 WESTGATE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Spring Garden Lane | |
| Mar 2024 | Drugs | Under investigation | On or near Spring Garden Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Spring Garden Lane |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Garden Lane |
| Mar 2024 | Burglary | Under investigation | On or near Spring Garden Lane |