£307,419
This estimated value is based upon the latest sale price for the house of £96,000 on 8 Nov 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £96,000 | 8 Nov 2001 |
| Detached |
| Freehold |
| Floor Area: 159 sq meters or 1,711 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 November 2001 the House Price Index for TYNE AND WEAR was 46.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 220.228%.Applying this 220.228% change to the original purchase price of £96,000 results in an estimated price of approximately £307,419.
| 8 Nov 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.6 | 220.228 % | £96,000 | £211,419 | £307,419 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 318.259 % | £305,528 | £401,528 |
| 3 Month Average | 205.233 % | £197,023 | £293,023 |
| 6 Month Average | 178.397 % | £171,260 | £267,260 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £151,633 | £150,000 | 19 LOWTHIAN TERRACE |
| 12 Jul 2022 | £66,178 | £66,000 | 35 WOODRIDGE GARDENS |
| 7 Jul 2022 | £40,058 | £39,950 | 25 WILLOWS CLOSE |
| 11 Mar 2022 | £98,445 | £95,000 | 12 LOWTHIAN TERRACE |
| 25 Feb 2022 | £68,165 | £65,000 | 22 LOWTHIAN TERRACE |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 4 Mar 2014. Using an estimated price of £307,419 means this house is valued at £1,933 per sq meter (£179 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillthorne Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hillthorne Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hillthorne Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hillthorne Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillthorne Close |