£481,040
This estimated value is based upon the latest sale price for the house of £370,000 on 20 Feb 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 |
|---|---|
| £370,000 | 20 Feb 2017 |
| Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £370,000 results in an estimated price of approximately £481,040.
| 20 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £370,000 | £111,040 | £481,040 |
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 | 47.719 % | £176,559 | £546,559 |
| 3 Month Average | 29.720 % | £109,962 | £479,962 |
| 6 Month Average | 20.741 % | £76,740 | £446,740 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £556,000 | £556,000 | 52 EARNSHAW WAY |
| 15 Sep 2023 | £392,012 | £387,000 | 19 EARNSHAW WAY |
| 10 Aug 2023 | £771,752 | £765,000 | 35 EARNSHAW WAY |
| 28 Jul 2023 | £664,189 | £655,250 | 17 BEAUMONT DRIVE |
| 21 Jul 2023 | £506,771 | £499,950 | 21 EARNSHAW WAY |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 22 Mar 2016. Using an estimated price of £481,041 means this house is valued at £3,485 per sq meter (£323 per sq foot).
The average size of a house on DIPTON ROAD is 159 sq meters (1,714 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close | |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close | |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close | |
| Jan 2024 | Anti-social behaviour | On or near Beaconsfield Close | |
| Apr 2024 | Anti-social behaviour | On or near Nevis Way |