£260,461
This estimated value is based upon the latest sale price for the house of £150,000 on 9 Dec 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£150,000 | 9 Dec 2011 |
£85,000 | 27 Sep 2010 |
Semi-Detached |
Freehold |
Floor Area: 73 sq meters or 786 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 2011 the House Price Index for TYNE AND WEAR was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.641%.Applying this 73.641% change to the original purchase price of £150,000 results in an estimated price of approximately £260,461.
9 Dec 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.641 % | £150,000 | £110,461 | £260,461 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 74.518 % | £111,777 | £261,777 |
3 Month Average | 38.786 % | £58,178 | £208,178 |
6 Month Average | 28.496 % | £42,744 | £192,744 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £165,072 | £160,000 | 1 GARDEN DRIVE |
13 Oct 2023 | £222,043 | £217,000 | 19 CRADOCK AVENUE |
22 Mar 2023 | £137,293 | £135,000 | 147 VICTORIA ROAD WEST |
28 Apr 2022 | £280,104 | £270,000 | 72 NORTH DRIVE |
4 Mar 2022 | £221,314 | £212,000 | 18 NORTH FARM ROAD |
This house has a floor area of 73 sq meters or 786 sq feet when measured on 26 May 2009. Using an estimated price of £260,461 means this house is valued at £3,564 per sq meter (£331 per sq foot).
The average size of a house on GARDEN DRIVE is 111 sq meters (1,195 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Other theft | Under investigation | On or near Garden Drive |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Garden Drive |
May 2024 | Anti-social behaviour | On or near High Croft Close | |
May 2024 | Anti-social behaviour | On or near High Croft Close | |
May 2024 | Anti-social behaviour | On or near High Croft Close |