£338,698
This estimated value is based upon the latest sale price for the house of £63,000 on 31 Jan 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£63,000 | 31 Jan 1997 |
Semi-Detached |
Freehold |
Floor Area: 71 sq meters or 764 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 1997 the House Price Index for TYNE AND WEAR was 27.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 437.617%.Applying this 437.617% change to the original purchase price of £63,000 results in an estimated price of approximately £338,698.
31 Jan 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
27.8 | 149.7 | 437.617 % | £63,000 | £275,698 | £338,698 |
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 | 217.313 % | £136,907 | £199,907 |
3 Month Average | 291.991 % | £183,954 | £246,954 |
6 Month Average | 263.439 % | £165,966 | £228,966 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Dec 2023 | £397,205 | £385,000 | 5 CLAVERING WAY |
11 Aug 2023 | £361,520 | £355,000 | 19 WESTERN WAY |
3 Aug 2023 | £469,467 | £461,000 | 4A SHIBDON WAY |
22 Jun 2023 | £420,745 | £412,313 | 90 SHIBDON ROAD |
13 Jan 2023 | £436,165 | £435,000 | 58 SHIBDON ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Jun 2012. Using an estimated price of £338,699 means this house is valued at £4,770 per sq meter (£443 per sq foot).
There is one other house on the street which we know the size of, this is 2A DERWENT WAY it is 146.0
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Napier Way |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Western Way |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Western Way |
Jun 2024 | Anti-social behaviour | On or near Clavering Way | |
Jun 2024 | Anti-social behaviour | On or near Clavering Way |