£131,897
This estimated value is based upon the latest sale price for the house of £110,000 on 3 Aug 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 3 Aug 2020 |
| £138,000 | 11 Nov 2016 |
| 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 August 2020 the House Price Index for TYNE AND WEAR was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £110,000 results in an estimated price of approximately £131,897.
| 3 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £110,000 | £21,897 | £131,897 |
The Postcode Pricing Model uses changes in average sales price within the NE6 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 | -9.115 % | £-10,026 | £99,973 |
| 3 Month Average | -13.689 % | £-15,057 | £94,942 |
| 6 Month Average | 5.220 % | £5,742 | £115,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £329,209 | £325,000 | 5 RIVERSIDE WALK |
| 25 Aug 2023 | £268,348 | £266,000 | 23 MALING STREET |
| 18 Apr 2023 | £172,356 | £170,500 | 9 MALING TERRACE |
| 24 Jun 2022 | £309,372 | £305,000 | 16 KINGFISHER PLACE |
| 2 Mar 2022 | £269,428 | £260,000 | 18 MALING STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |