£285,529
This estimated value is based upon the latest sale price for the house of £230,000 on 24 Oct 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£230,000 | 24 Oct 2018 |
£249,995 | 14 Dec 2012 |
Detached |
Freehold |
Floor Area: 114 sq meters or 1,232 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 October 2018 the House Price Index for TYNE AND WEAR was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £230,000 results in an estimated price of approximately £285,529.
24 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 149.7 | 24.143 % | £230,000 | £55,529 | £285,529 |
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 | -10.313 % | £-23,720 | £206,279 |
3 Month Average | 15.289 % | £35,164 | £265,164 |
6 Month Average | 2.898 % | £6,664 | £236,664 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £180,548 | £175,000 | 16 SPENCERS VIEW |
27 Jun 2023 | £250,010 | £245,000 | 160 KING OSWALD DRIVE |
27 Jan 2023 | £241,646 | £241,000 | 12 NUNNS WAY |
31 Aug 2022 | £170,799 | £170,000 | 82 KING OSWALD DRIVE |
31 Aug 2022 | £276,292 | £275,000 | 110 KING OSWALD DRIVE |
This house has a floor area of 114 sq meters or 1,232 sq feet when measured on 6 Jan 2012. Using an estimated price of £285,529 means this house is valued at £2,494 per sq meter (£231 per sq foot).
The average size of a house on KING OSWALD DRIVE is 118 sq meters (1,277 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spencers View |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hadrian Drive |
May 2024 | Violence and sexual offences | Under investigation | On or near Surtees Haugh |
May 2024 | Anti-social behaviour | On or near St Hildas Place | |
May 2024 | Anti-social behaviour | On or near St Hildas Place |