£313,054
This estimated value is based upon the latest sale price for the house of £222,500 on 30 Oct 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £222,500 | 30 Oct 2015 |
| Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,511 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 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £222,500 results in an estimated price of approximately £313,054.
| 30 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £222,500 | £90,554 | £313,054 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 6.305 % | £14,029 | £236,529 |
| 3 Month Average | 21.159 % | £47,078 | £269,578 |
| 6 Month Average | 33.465 % | £74,459 | £296,959 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £364,612 | £359,950 | 174 ABBOTS WAY |
| 15 Sep 2023 | £481,152 | £475,000 | 140 ABBOTS WAY |
| 7 Jul 2023 | £286,354 | £282,500 | 159A ABBOTS WAY |
| 28 Feb 2023 | £299,798 | £300,000 | 94 ABBOTS WAY |
| 17 Feb 2023 | £449,697 | £450,000 | 2 DRYBURGH CLOSE |
This house has a floor area of 140 sq meters or 1,511 sq feet when measured on 9 Nov 2009. Using an estimated price of £313,055 means this house is valued at £2,229 per sq meter (£207 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Abbots Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Dryburgh Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kelso Drive |
| Apr 2024 | Anti-social behaviour | On or near Kelso Drive | |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Kelso Drive |