£705,286
This estimated value is based upon the latest sale price for the house of £640,000 on 27 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£640,000 | 27 Oct 2021 |
£590,000 | 4 Mar 2020 |
Detached |
Freehold |
Floor Area: 399 sq meters or 4,294 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 October 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £640,000 results in an estimated price of approximately £705,286.
27 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
134.3 | 148.0 | 10.201 % | £640,000 | £65,286 | £705,286 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 59.531 % | £380,996 | £1,020,996 |
3 Month Average | 12.531 % | £80,197 | £720,197 |
6 Month Average | -5.588 % | £-35,761 | £604,238 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £388,347 | £381,000 | 14 ASPENWOOD GROVE |
31 Mar 2023 | £377,038 | £375,000 | 31 SIR BOBBY ROBSON WAY |
14 Jun 2022 | £434,403 | £430,000 | 15 BIRCHWOOD CHASE |
6 Apr 2022 | £784,615 | £765,000 | 28 HAZELWOOD ROAD |
24 Feb 2022 | £814,679 | £780,000 | 16 HAZELWOOD ROAD |
This house has a floor area of 399 sq meters or 4,294 sq feet when measured on 22 Sep 2017. Using an estimated price of £705,287 means this house is valued at £1,767 per sq meter (£164 per sq foot).
The average size of a house on HAZELWOOD ROAD is 376 sq meters (4,055 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Birchwood Chase |
Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sir Bobby Robson Way |