£393,498
This estimated value is based upon the latest sale price for the house of £325,000 on 7 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £325,000 | 7 Nov 2019 |
| £150,000 | 22 Jan 2008 |
| Detached |
| Freehold |
| Floor Area: 190 sq meters or 2,045 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 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.076%.Applying this 21.076% change to the original purchase price of £325,000 results in an estimated price of approximately £393,498.
| 7 Nov 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 146.7 | 21.076 % | £325,000 | £68,498 | £393,498 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 4.945 % | £16,069 | £341,069 |
| 3 Month Average | 8.088 % | £26,285 | £351,285 |
| 6 Month Average | 11.789 % | £38,314 | £363,314 |
This house has a floor area of 190 sq meters or 2,045 sq feet when measured on 13 Aug 2018.
The average size of a house on BRIAR LANE is 193 sq meters (2,077 sq feet).
This house is the largest in the street with a floor area of 190 sq meters (2,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Briar Lane |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Mayfield Gardens |
| Mar 2024 | Vehicle crime | Under investigation | On or near Fosse Law |
| Dec 2023 | Anti-social behaviour | On or near Fosse Law | |
| Dec 2023 | Anti-social behaviour | On or near Fosse Law |