£117,371
This estimated value is based upon the latest sale price for the house of £95,000 on 28 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 28 Jun 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £95,000 results in an estimated price of approximately £117,371.
| 28 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £95,000 | £22,371 | £117,371 |
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 | 6.747 % | £6,409 | £101,409 |
| 3 Month Average | 9.887 % | £9,392 | £104,392 |
| 6 Month Average | 22.731 % | £21,594 | £116,594 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £137,029 | £135,000 | 3 TERRY COONEY PLACE |
| 28 Jul 2023 | £138,869 | £137,000 | 11 TERRY COONEY PLACE |
| 21 Jul 2023 | £136,842 | £135,000 | 18 TERRY COONEY PLACE |
| 30 Jun 2023 | £141,717 | £140,000 | 27 HESLEYSIDE DRIVE |
| 16 Jun 2023 | £199,517 | £197,100 | 66 LANERCOST DRIVE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 28 Nov 2018. Using an estimated price of £117,371 means this house is valued at £1,701 per sq meter (£158 per sq foot).
The average size of a house on LANERCOST DRIVE is 95 sq meters (1,024 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abbotsmeade Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abbotsmeade Close |