£151,735
This estimated value is based upon the latest sale price for the house of £150,000 on 8 Feb 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £150,000 | 8 Feb 2024 |
| Terraced |
| 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 February 2024 the House Price Index for TYNE AND WEAR was 146.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.157%.Applying this 1.157% change to the original purchase price of £150,000 results in an estimated price of approximately £151,735.
| 8 Feb 2024 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 148.6 | 1.157 % | £150,000 | £1,735 | £151,735 |
The Postcode Pricing Model uses changes in average sales price within the NE16 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 | -36.727 % | £-55,090 | £94,909 |
| 3 Month Average | 6.268 % | £9,402 | £159,402 |
| 6 Month Average | 2.916 % | £4,373 | £154,373 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £118,575 | £116,500 | 9 EDITH TERRACE |
| 16 Nov 2023 | £111,653 | £110,000 | 15 JAMES STREET |
| 9 Mar 2023 | £151,427 | £150,000 | 4 SIMONSIDE VIEW |
| 16 Sep 2022 | £247,997 | £250,000 | 8 FELLSIDE ROAD |
| 9 Sep 2022 | £262,877 | £265,000 | 24 NORTH VIEW |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Hermitage Lane |
| Mar 2024 | Public order | Under investigation | On or near Hermitage Lane |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hermitage Lane |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hermitage Lane |
| Mar 2024 | Anti-social behaviour | On or near Fellside Court |