£471,912
This estimated value is based upon the latest sale price for the house of £450,000 on 28 Feb 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £450,000 | 28 Feb 2022 |
| 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 February 2022 the House Price Index for TYNE AND WEAR was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £450,000 results in an estimated price of approximately £471,912.
| 28 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £450,000 | £21,912 | £471,912 |
The Postcode Pricing Model uses changes in average sales price within the NE10 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 | -4.836 % | £-21,760 | £428,239 |
| 3 Month Average | 8.563 % | £38,534 | £488,534 |
| 6 Month Average | -5.792 % | £-26,063 | £423,936 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £116,728 | £115,000 | 27 ST JOHNS PLACE |
| 14 Sep 2023 | £56,725 | £56,000 | 9 YORK TERRACE |
| 14 Sep 2023 | £56,725 | £56,000 | 10 YORK TERRACE |
| 31 Jan 2023 | £34,836 | £35,000 | 36 STAINTON DRIVE |
| 11 Apr 2022 | £78,265 | £76,000 | 67 ELLIOTT DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near John Hodgson Close |
| Mar 2024 | Anti-social behaviour | On or near Petrol Station | |
| Mar 2024 | Shoplifting | Under investigation | On or near Petrol Station |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Davidson Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Davidson Street |