£199,334
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Jul 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £120,000 results in an estimated price of approximately £199,334.
| 17 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £120,000 | £79,334 | £199,334 |
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 | 29.054 % | £34,864 | £154,864 |
| 3 Month Average | 17.416 % | £20,899 | £140,899 |
| 6 Month Average | 31.282 % | £37,537 | £157,537 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £182,331 | £180,000 | 102 LANERCOST DRIVE |
| 22 Sep 2023 | £182,281 | £179,950 | 91 SILVER LONNEN |
| 14 Aug 2023 | £182,597 | £181,000 | 83 SILVER LONNEN |
| 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 87 sq meters or 936 sq feet when measured on 17 Apr 2013. Using an estimated price of £199,335 means this house is valued at £2,291 per sq meter (£212 per sq foot).
The average size of a house on SILVER LONNEN is 72 sq meters (782 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| Jan 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| Jan 2024 | Anti-social behaviour | On or near Bus/Coach Station | |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Bus/Coach Station |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hesleyside Drive |