£151,280
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Nov 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £120,000 results in an estimated price of approximately £151,280.
| 17 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.6 | 26.067 % | £120,000 | £31,280 | £151,280 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | 42.526 % | £51,031 | £171,031 |
| 3 Month Average | -30.520 % | £-36,624 | £83,375 |
| 6 Month Average | 8.146 % | £9,775 | £129,775 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £119,773 | £118,000 | 19 WINDSOR COURT |
| 31 Aug 2023 | £98,865 | £98,000 | 37 BURNOPFIELD ROAD |
| 11 Aug 2023 | £403,530 | £400,000 | SPRINGVALE THE AVENUE |
| 6 Jul 2023 | £364,911 | £360,000 | 16 TOWNELEY FIELDS |
| 30 Nov 2022 | £114,118 | £115,500 | 7 HOLLYDENE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 23 May 2017. Using an estimated price of £151,280 means this house is valued at £2,701 per sq meter (£250 per sq foot).
The average size of a house on STATION ROAD is 93 sq meters (1,002 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Hollydene |
| Mar 2024 | Anti-social behaviour | On or near Hollydene | |
| Mar 2024 | Anti-social behaviour | On or near Hollydene | |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parking Area |