£64,171
This estimated value is based upon the latest sale price for the house of £62,500 on 17 May 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,500 | 17 May 2022 |
| 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 May 2022 the House Price Index for TYNE AND WEAR was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £62,500 results in an estimated price of approximately £64,171.
| 17 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £62,500 | £1,671 | £64,171 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -4.836 % | £-3,022 | £59,477 |
| 3 Month Average | -7.770 % | £-4,855 | £57,644 |
| 6 Month Average | 0.230 % | £143 | £62,643 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Jun 2024 | £1,656,000 | £1,656,000 | PREMPACK LTD CHAINBRIDGE ROAD |
| 28 Nov 2023 | £328,334 | £320,000 | 44 SHIBDON ROAD |
| 27 Apr 2023 | £203,812 | £200,000 | UNIT 1 CARLINGTON COURT, 3 PATTERSON STREET |
| 13 Jan 2023 | £436,165 | £435,000 | 58 SHIBDON ROAD |
| 18 Nov 2022 | £427,999 | £430,000 | 4 WOODLANDS PARK DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cowen Road |
| Jun 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jul 2024 | Other theft | Under investigation | On or near Shibdon Park View |
| Jul 2024 | Public order | Under investigation | On or near Shibdon Park View |