£64,459
This estimated value is based upon the latest sale price for the house of £48,000 on 26 May 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £48,000 | 26 May 2016 |
| Terraced |
| Leasehold |
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 2016 the House Price Index for TYNE AND WEAR was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £48,000 results in an estimated price of approximately £64,459.
| 26 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £48,000 | £16,459 | £64,459 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -5.382 % | £-2,583 | £45,416 |
| 3 Month Average | -16.352 % | £-7,849 | £40,150 |
| 6 Month Average | 12.114 % | £5,814 | £53,814 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £77,944 | £77,000 | 13 NENE COURT |
| 9 Jun 2023 | £126,533 | £125,000 | 51 MANDEVILLE |
| 31 Mar 2023 | £85,808 | £85,000 | 45 MANDEVILLE |
| 21 Mar 2023 | £80,761 | £80,000 | 41 BANBURY |
| 25 Feb 2022 | £47,191 | £45,000 | 10 JOHNSON TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Northumberland Way |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Northumberland Way |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Northumberland Way |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Northumberland Way |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Tower Road |