£160,918
This estimated value is based upon the latest sale price for the house of £110,000 on 24 Jun 2015. 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 Hanover Drive
More crime details
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Price Paid | Date |
---|---|
£110,000 | 24 Jun 2015 |
Detached |
Freehold |
Floor Area: 75 sq meters or 807 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £110,000 results in an estimated price of approximately £160,918.
24 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £110,000 | £50,918 | £160,918 |
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 | -23.701 % | £-26,071 | £83,928 |
3 Month Average | 24.693 % | £27,162 | £137,162 |
6 Month Average | 11.600 % | £12,759 | £122,759 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £45,394 | £45,000 | 127 HANOVER DRIVE |
29 Sep 2023 | £186,614 | £182,500 | 110 HANOVER DRIVE |
21 Apr 2023 | £40,966 | £40,200 | 71 HANOVER DRIVE |
26 Aug 2022 | £46,216 | £46,000 | 77 HANOVER DRIVE |
29 Jul 2022 | £480,818 | £476,000 | VALLEY VIEW CALEDONIA |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Jan 2014. Using an estimated price of £160,919 means this house is valued at £2,145 per sq meter (£199 per sq foot).
The average size of a house on HANOVER DRIVE is 63 sq meters (681 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Hanover Drive |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Hanover Drive |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hanover Drive |
May 2024 | Other crime | Investigation complete; no suspect identified | On or near Hanover Drive |
May 2024 | Public order | Investigation complete; no suspect identified | On or near Hanover Drive |