£634,895
This estimated value is based upon the latest sale price for the house of £595,000 on 20 Dec 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £595,000 | 20 Dec 2021 |
| 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.705%.Applying this 6.705% change to the original purchase price of £595,000 results in an estimated price of approximately £634,895.
| 20 Dec 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.0 | 6.705 % | £595,000 | £39,895 | £634,895 |
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 | -51.016 % | £-303,543 | £291,456 |
| 3 Month Average | -12.341 % | £-73,430 | £521,569 |
| 6 Month Average | 1.530 % | £9,103 | £604,103 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £150,508 | £150,000 | 20 ADDISON VIEW |
| 21 Dec 2023 | £132,507 | £130,000 | 58 ADDISON VIEW |
| 20 Dec 2023 | £591,185 | £580,000 | 3 HEDGEFIELD COURT |
| 21 Aug 2023 | £176,071 | £175,000 | 50 ADDISON VIEW |
| 18 Aug 2023 | £125,765 | £125,000 | 30 ADDISON VIEW |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Stella Bank | |
| Feb 2024 | Other theft | Under investigation | On or near Storey Lane |