£1,023,870
This estimated value is based upon the latest sale price for the house of £830,000 on 18 Dec 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £830,000 | 18 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 479 sq meters or 5,155 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 December 2018 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £830,000 results in an estimated price of approximately £1,023,870.
| 18 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £830,000 | £193,870 | £1,023,870 |
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 | -21.846 % | £-181,321 | £648,678 |
| 3 Month Average | 7.788 % | £64,637 | £894,637 |
| 6 Month Average | 12.057 % | £100,070 | £930,070 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £465,069 | £461,000 | 4A SHIBDON WAY |
| 27 Jul 2023 | £357,309 | £352,500 | 5 NAPIER WAY |
| 22 Jun 2023 | £417,369 | £412,313 | 90 SHIBDON ROAD |
| 13 Jan 2023 | £432,961 | £435,000 | 58 SHIBDON ROAD |
| 25 Aug 2022 | £269,275 | £270,000 | 5 WESTERN WAY |
This house has a floor area of 479 sq meters or 5,155 sq feet when measured on 2 Dec 2014. Using an estimated price of £1,023,871 means this house is valued at £2,137 per sq meter (£198 per sq foot).
The average size of a house on SHIBDON ROAD is 111 sq meters (1,203 sq feet).
This house is the largest in the street with a floor area of 479 sq meters (5,155 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Western Way |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Western Way |
| Mar 2024 | Anti-social behaviour | On or near Bates Lane | |
| Mar 2024 | Anti-social behaviour | On or near Bates Lane | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bates Lane |