£231,284
This estimated value is based upon the latest sale price for the house of £176,995 on 17 Jan 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£176,995 | 17 Jan 2017 |
Detached |
Leasehold |
Floor Area: 82 sq meters or 882 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 January 2017 the House Price Index for TYNE AND WEAR was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £176,995 results in an estimated price of approximately £231,284.
17 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 148.6 | 30.673 % | £176,995 | £54,289 | £231,284 |
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 | -35.303 % | £-62,484 | £114,510 |
3 Month Average | -6.560 % | £-11,611 | £165,383 |
6 Month Average | 17.237 % | £30,509 | £207,504 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £168,495 | £166,000 | 6 ASHGILL MEWS |
8 Sep 2023 | £215,759 | £213,000 | 22 KIRKLAND CHASE |
8 Sep 2022 | £219,230 | £221,000 | 41 KIRKLAND CHASE |
30 Jun 2022 | £215,546 | £212,500 | 21 LAZONBY WAY |
25 Mar 2022 | £213,470 | £206,000 | 28 LAZONBY WAY |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 22 Sep 2016. Using an estimated price of £231,285 means this house is valued at £2,820 per sq meter (£262 per sq foot).
The average size of a house on FURNESS GROVE is 93 sq meters (1,005 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Furness Grove |
Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Furness Grove |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Reay Gardens |
Mar 2024 | Anti-social behaviour | On or near Wellfield Lane | |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Wellfield Lane |