£222,117
This estimated value is based upon the latest sale price for the house of £159,500 on 26 Nov 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 |
---|---|
£159,500 | 26 Nov 2015 |
Terraced |
Leasehold |
Floor Area: 96 sq meters or 1,033 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 November 2015 the House Price Index for TYNE AND WEAR was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £159,500 results in an estimated price of approximately £222,117.
26 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
106.7 | 148.6 | 39.258 % | £159,500 | £62,617 | £222,117 |
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 | 10.405 % | £16,596 | £176,096 |
3 Month Average | 8.015 % | £12,784 | £172,284 |
6 Month Average | 22.437 % | £35,787 | £195,287 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £83,969 | £82,500 | 6 KNARSDALE PLACE |
23 Jun 2023 | £75,920 | £75,000 | 12 RAVENSHILL ROAD |
27 Mar 2023 | £222,092 | £220,000 | 1A THE BURNSIDE |
13 Feb 2023 | £142,404 | £142,500 | 71 LINBRIDGE DRIVE |
1 Jun 2022 | £223,154 | £220,000 | 3 THE CLOSE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 16 Jul 2015. Using an estimated price of £222,117 means this house is valued at £2,313 per sq meter (£214 per sq foot).
The average size of a house on BURNSIDE MEWS is 114 sq meters (1,229 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near The Burnside |
Feb 2024 | Violence and sexual offences | Under investigation | On or near The Burnside |
Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Burnside |
Dec 2023 | Anti-social behaviour | On or near The Burnside | |
Dec 2023 | Anti-social behaviour | On or near The Burnside |