£208,346
This estimated value is based upon the latest sale price for the house of £122,000 on 18 Jan 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£122,000 | 18 Jan 2013 |
£49,000 | 11 Jun 1999 |
Terraced |
Freehold |
Floor Area: 62 sq meters or 667 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 January 2013 the House Price Index for TYNE AND WEAR was 87.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.776%.Applying this 70.776% change to the original purchase price of £122,000 results in an estimated price of approximately £208,346.
18 Jan 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.7 | 149.7 | 70.776 % | £122,000 | £86,346 | £208,346 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -73.686 % | £-89,896 | £32,103 |
3 Month Average | -25.470 % | £-31,073 | £90,926 |
6 Month Average | -18.055 % | £-22,026 | £99,973 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jun 2024 | £177,500 | £177,500 | 31 ESSEX DRIVE |
7 May 2024 | £260,000 | £260,000 | 5 SUSSEX PLACE |
30 Jan 2023 | £160,429 | £160,000 | 5 WESTMORLAND AVENUE |
25 Nov 2022 | £213,999 | £215,000 | 11 WESTMORLAND AVENUE |
19 Aug 2022 | £200,940 | £200,000 | 14 ESSEX DRIVE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 12 Dec 2012. Using an estimated price of £208,347 means this house is valued at £3,360 per sq meter (£312 per sq foot).
The average size of a house on WARWICK DRIVE is 80 sq meters (867 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Westmorland Avenue |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Sussex Place |
May 2024 | Anti-social behaviour | On or near Heworth Road | |
May 2024 | Anti-social behaviour | On or near Heworth Road | |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heworth Road |