£218,578
This estimated value is based upon the latest sale price for the house of £95,000 on 12 Aug 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 12 Aug 2003 |
| £52,500 | 13 Oct 1998 |
| Terraced |
| 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 August 2003 the House Price Index for TYNE AND WEAR was 64.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 130.083%.Applying this 130.083% change to the original purchase price of £95,000 results in an estimated price of approximately £218,578.
| 12 Aug 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.6 | 148.6 | 130.083 % | £95,000 | £123,578 | £218,578 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 126.726 % | £120,389 | £215,389 |
| 3 Month Average | 88.227 % | £83,815 | £178,815 |
| 6 Month Average | 92.597 % | £87,967 | £182,967 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £116,489 | £115,000 | 22 BURNHILLS GARDENS |
| 17 Aug 2023 | £174,527 | £173,000 | 5 PENT COURT |
| 12 Apr 2023 | £253,732 | £251,000 | 7 YOUNGHALL CLOSE |
| 3 Mar 2023 | £272,568 | £270,000 | 2 CADAWAY HOUSES LEAD ROAD |
| 20 Apr 2022 | £339,834 | £330,000 | 14 YOUNGHALL CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Possession of weapons | Under investigation | On or near Whiteley Close |
| Dec 2023 | Possession of weapons | Awaiting court outcome | On or near Whiteley Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Whiteley Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Whiteley Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Burnhills Gardens |