£267,460
This estimated value is based upon the latest sale price for the house of £180,000 on 8 Sep 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £180,000 | 8 Sep 2014 |
| £83,000 | 15 Nov 1999 |
| £67,950 | 10 Oct 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 September 2014 the House Price Index for TYNE AND WEAR was 98.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 48.589%.Applying this 48.589% change to the original purchase price of £180,000 results in an estimated price of approximately £267,460.
| 8 Sep 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 146.7 | 48.589 % | £180,000 | £87,460 | £267,460 |
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 | -14.209 % | £-25,575 | £154,424 |
| 3 Month Average | 12.066 % | £21,718 | £201,718 |
| 6 Month Average | 17.259 % | £31,066 | £211,066 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 29 Oct 2013.
The average size of a house on SANDSTONE CLOSE is 83 sq meters (893 sq feet).
This house is the largest in the street with a floor area of 71 sq meters (764 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Tasmania Road | |
| Feb 2024 | Anti-social behaviour | On or near Tasmania Road | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Prensgarth Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Gardens |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Gardens |