£179,674
This estimated value is based upon the latest sale price for the house of £139,000 on 4 Apr 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £139,000 | 4 Apr 2017 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 April 2017 the House Price Index for TYNE AND WEAR was 115.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.262%.Applying this 29.262% change to the original purchase price of £139,000 results in an estimated price of approximately £179,674.
| 4 Apr 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 148.6 | 29.262 % | £139,000 | £40,674 | £179,674 |
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 | -35.189 % | £-48,913 | £90,086 |
| 3 Month Average | 0.673 % | £935 | £139,935 |
| 6 Month Average | 22.334 % | £31,044 | £170,044 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Mar 2024 | £150,000 | £150,000 | 20 ADDISON VIEW |
| 21 Dec 2023 | £132,315 | £130,000 | 58 ADDISON VIEW |
| 21 Aug 2023 | £176,544 | £175,000 | 50 ADDISON VIEW |
| 18 Aug 2023 | £126,103 | £125,000 | 30 ADDISON VIEW |
| 30 Jun 2023 | £267,237 | £264,000 | 1 ADDISON VIEW |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 15 Oct 2014. Using an estimated price of £179,675 means this house is valued at £2,566 per sq meter (£238 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 |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Nunns Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Addison View |
| Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
| Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane |