£322,494
This estimated value is based upon the latest sale price for the house of £237,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£237,000 | 31 Mar 2016 |
£205,000 | 1 Sep 2014 |
£183,000 | 28 May 2004 |
£180,000 | 22 Jan 2004 |
£87,000 | 21 Jan 2000 |
£74,000 | 18 Nov 1996 |
Detached |
Freehold |
Floor Area: 89 sq meters or 964 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £237,000 results in an estimated price of approximately £322,494.
31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.0 | 149.7 | 36.074 % | £237,000 | £85,494 | £322,494 |
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 | -5.072 % | £-12,020 | £224,979 |
3 Month Average | 40.904 % | £96,943 | £333,943 |
6 Month Average | 38.803 % | £91,962 | £328,962 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £330,145 | £320,000 | 200 ABBOTS WAY |
29 Apr 2022 | £315,895 | £304,500 | 189 ABBOTS WAY |
31 Jan 2022 | £229,003 | £216,000 | 250 ABBOTS WAY |
23 Apr 2021 | £403,257 | £354,500 | 218 ABBOTS WAY |
31 Jul 2019 | £472,152 | £380,000 | 109 ABBOTS WAY |
This house has a floor area of 89 sq meters or 964 sq feet when measured on 23 Jan 2010. Using an estimated price of £322,494 means this house is valued at £3,597 per sq meter (£334 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Abbots Way | |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Abbots Way |
Jun 2024 | Anti-social behaviour | On or near Abbots Way | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Abbots Way |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Overton Road |