£577,003
This estimated value is based upon the latest sale price for the house of £265,000 on 9 Dec 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £265,000 | 9 Dec 2003 |
| Detached |
| 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 December 2003 the House Price Index for TYNE AND WEAR was 68.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 117.737%.Applying this 117.737% change to the original purchase price of £265,000 results in an estimated price of approximately £577,003.
| 9 Dec 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 68.2 | 148.6 | 117.737 % | £265,000 | £312,003 | £577,003 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 37.710 % | £99,930 | £364,930 |
| 3 Month Average | 38.206 % | £101,244 | £366,244 |
| 6 Month Average | 50.706 % | £134,370 | £399,370 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £483,459 | £475,000 | 43 THE CLOISTERS |
| 25 Sep 2023 | £402,648 | £397,500 | 7 WESTWELL COURT |
| 14 Aug 2023 | £488,776 | £484,500 | 15 WESTWELL COURT |
| 11 Aug 2023 | £321,694 | £318,880 | 2 DAYLESFORD DRIVE |
| 24 Jun 2022 | £527,454 | £520,000 | 30 LILBURN GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Under investigation | On or near Lilburn Gardens |
| Dec 2023 | Vehicle crime | Under investigation | On or near Lilburn Gardens |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Finstock Court |
| Dec 2023 | Vehicle crime | Under investigation | On or near Burford Court |
| Mar 2024 | Anti-social behaviour | On or near Lartington Gardens |