£2,163,186
This estimated value is based upon the latest sale price for the house of £1,895,336 on 22 Jan 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £1,895,336 | 22 Jan 2021 |
| £1,930,000 | 3 Oct 2017 |
| Leasehold |
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 January 2021 the House Price Index for TYNE AND WEAR was 130.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.132%.Applying this 14.132% change to the original purchase price of £1,895,336 results in an estimated price of approximately £2,163,186.
| 22 Jan 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 148.6 | 14.132 % | £1,895,336 | £267,850 | £2,163,186 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | -52.706 % | £-998,958 | £896,377 |
| 3 Month Average | -3.223 % | £-61,088 | £1,834,247 |
| 6 Month Average | 6.687 % | £126,731 | £2,022,067 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £81,036 | £80,000 | 308 ARMSTRONG ROAD |
| 15 Sep 2023 | £111,425 | £110,000 | 24 HODGKIN PARK ROAD |
| 28 Apr 2023 | £50,544 | £50,000 | 106 BILBROUGH GARDENS |
| 16 Mar 2023 | £138,303 | £137,000 | 28 HODGKIN PARK ROAD |
| 8 Mar 2023 | £160,512 | £159,000 | 22 BENWELL GRANGE TERRACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Paradise | |
| Mar 2024 | Anti-social behaviour | On or near Paradise | |
| Apr 2024 | Other theft | Under investigation | On or near Scotswood Road |