£254,245
This estimated value is based upon the latest sale price for the house of £250,000 on 31 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 31 Mar 2023 |
| 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 March 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £250,000 results in an estimated price of approximately £254,245.
| 31 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £250,000 | £4,245 | £254,245 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 23.015 % | £57,538 | £307,538 |
| 3 Month Average | -16.279 % | £-40,698 | £209,301 |
| 6 Month Average | -0.081 % | £-202 | £249,797 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £222,652 | £217,000 | 62 CROFT TERRACE |
| 25 Apr 2023 | £108,020 | £106,000 | 15 ELBERFELD COURT |
| 3 Apr 2023 | £97,830 | £96,000 | 14 SEINE COURT |
| 31 Mar 2023 | £254,246 | £250,000 | FLAT 1 NOLAN HALL, 47 CONCORDE WAY |
| 10 Mar 2023 | £111,868 | £110,000 | 60 WUPPERTAL COURT |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Concorde Way | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Concorde Way |
| Apr 2024 | Anti-social behaviour | On or near Concorde Way | |
| Apr 2024 | Anti-social behaviour | On or near Concorde Way | |
| Apr 2024 | Anti-social behaviour | On or near Concorde Way |