£314,434
This estimated value is based upon the latest sale price for the house of £187,500 on 3 Nov 2006. 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 Musgrave Road
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| Price Paid | Date |
|---|---|
| £187,500 | 3 Nov 2006 |
| £69,000 | 9 Feb 1998 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 November 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.698%.Applying this 67.698% change to the original purchase price of £187,500 results in an estimated price of approximately £314,434.
| 3 Nov 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.698 % | £187,500 | £126,934 | £314,434 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 5.170 % | £9,693 | £197,193 |
| 3 Month Average | 33.094 % | £62,050 | £249,550 |
| 6 Month Average | 24.514 % | £45,964 | £233,464 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Feb 2023 | £217,354 | £217,500 | 51 DRYDEN ROAD |
| 12 Aug 2022 | £204,450 | £205,000 | 67 DRYDEN ROAD |
| 27 Jul 2022 | £260,702 | £260,000 | 91 DRYDEN ROAD |
| 8 Mar 2022 | £248,651 | £239,950 | 99 DRYDEN ROAD |
| 17 Feb 2022 | £277,904 | £265,000 | 71 DRYDEN ROAD |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 7 Oct 2021. Using an estimated price of £314,434 means this house is valued at £2,230 per sq meter (£207 per sq foot).
The average size of a house on DRYDEN ROAD is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Apr 2024 | Burglary | Under investigation | On or near Sports/Recreation Area |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Joicey Road |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Joicey Road |