£153,815
This estimated value is based upon the latest sale price for the house of £149,500 on 25 Jul 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Parking Area
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Price Paid | Date |
---|---|
£149,500 | 25 Jul 2023 |
£48,000 | 10 Feb 2017 |
£70,000 | 10 Feb 2017 |
Flats/Maisonettes |
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 July 2023 the House Price Index for TYNE AND WEAR was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £149,500 results in an estimated price of approximately £153,815.
25 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.5 | 149.7 | 2.887 % | £149,500 | £4,315 | £153,815 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -83.773 % | £-125,240 | £24,259 |
3 Month Average | -35.632 % | £-53,270 | £96,229 |
6 Month Average | -15.209 % | £-22,737 | £126,762 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £78,224 | £76,500 | 36 CHILHAM COURT |
1 Aug 2023 | £59,065 | £58,000 | 80 LUMLEY CLOSE |
30 Jun 2023 | £132,148 | £129,500 | FLAT 46 WEARDALE HOUSE WASHINGTON CENTRE |
30 Jun 2023 | £132,148 | £129,500 | FLAT 42 WEARDALE HOUSE WASHINGTON CENTRE |
30 Jun 2023 | £71,431 | £70,000 | 131 LUMLEY CLOSE |
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Parking Area | |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
Jun 2024 | Burglary | Under investigation | On or near Parking Area |