£218,957
This estimated value is based upon the latest sale price for the house of £138,000 on 11 Jun 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£138,000 | 11 Jun 2007 |
£90,000 | 28 Nov 2006 |
Semi-Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 June 2007 the House Price Index for TYNE AND WEAR was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £138,000 results in an estimated price of approximately £218,957.
11 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.7 | 148.6 | 58.665 % | £138,000 | £80,957 | £218,957 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -38.965 % | £-53,771 | £84,228 |
3 Month Average | -8.610 % | £-11,882 | £126,117 |
6 Month Average | 15.436 % | £21,301 | £159,301 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £180,000 | £180,000 | 86 WESTERN AVENUE |
28 Jul 2023 | £136,842 | £135,000 | 56 WESTERN AVENUE |
27 Jan 2023 | £223,173 | £224,224 | 1 HILLHEAD ROAD |
12 Aug 2022 | £189,490 | £190,000 | 90 THE ROMAN WAY |
19 Jul 2022 | £150,405 | £150,000 | 48 WESTERN AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 Sep 2013. Using an estimated price of £218,957 means this house is valued at £2,488 per sq meter (£231 per sq foot).
The average size of a house on HILLHEAD DRIVE is 94 sq meters (1,012 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Under investigation | On or near Hill Head Drive |
Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Hill Head Drive |
Mar 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near The Grove |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Grove |