£297,268
This estimated value is based upon the latest sale price for the house of £58,500 on 11 Jul 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£58,500 | 11 Jul 1997 |
Semi-Detached |
Freehold |
Floor Area: 66 sq meters or 710 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 July 1997 the House Price Index for TYNE AND WEAR was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £58,500 results in an estimated price of approximately £297,268.
11 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.2 | 148.6 | 408.152 % | £58,500 | £238,768 | £297,268 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 296.906 % | £173,689 | £232,189 |
3 Month Average | 274.733 % | £160,718 | £219,218 |
6 Month Average | 267.912 % | £156,728 | £215,228 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £268,956 | £264,250 | 23 FAIRFIELD DRIVE |
11 Sep 2023 | £278,562 | £275,000 | 23 HOLM GREEN |
21 Jul 2023 | £152,046 | £150,000 | 12A FAIRFIELD DRIVE |
30 Jun 2023 | £248,004 | £245,000 | 36 GRANGE PARK |
28 Apr 2023 | £363,918 | £360,000 | 21 EARSDON ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 22 Aug 2015. Using an estimated price of £297,269 means this house is valued at £4,504 per sq meter (£418 per sq foot).
The average size of a house on FAIRFIELD DRIVE is 74 sq meters (804 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Green Square |
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near A192 |
Jan 2024 | Robbery | Awaiting court outcome | On or near A192 |
Apr 2024 | Shoplifting | Under investigation | On or near Westfield Avenue |
Mar 2024 | Shoplifting | Under investigation | On or near Westfield Avenue |