£292,724
This estimated value is based upon the latest sale price for the house of £209,950 on 17 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £209,950 | 17 Dec 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 December 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £209,950 results in an estimated price of approximately £292,724.
| 17 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £209,950 | £82,774 | £292,724 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 44.254 % | £92,910 | £302,860 |
| 3 Month Average | 35.695 % | £74,940 | £284,890 |
| 6 Month Average | 17.095 % | £35,890 | £245,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £242,102 | £240,000 | 32 ADDISON VIEW |
| 28 Mar 2024 | £324,993 | £320,000 | 72 KING OSWALD DRIVE |
| 12 Mar 2024 | £152,341 | £150,000 | 20 ADDISON VIEW |
| 21 Dec 2023 | £134,121 | £130,000 | 58 ADDISON VIEW |
| 21 Aug 2023 | £178,214 | £175,000 | 50 ADDISON VIEW |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 14 Aug 2015. Using an estimated price of £292,725 means this house is valued at £2,360 per sq meter (£219 per sq foot).
The average size of a house on KING OSWALD DRIVE is 118 sq meters (1,277 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hadrian Drive |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spencers View |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stella Lane |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stella Lane |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane |