£362,539
This estimated value is based upon the latest sale price for the house of £213,750 on 28 Jun 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£213,750 | 28 Jun 2012 |
Terraced |
Freehold |
Floor Area: 134 sq meters or 1,446 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 2012 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.609%.Applying this 69.609% change to the original purchase price of £213,750 results in an estimated price of approximately £362,539.
28 Jun 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.6 | 148.6 | 69.609 % | £213,750 | £148,789 | £362,539 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 31.088 % | £66,449 | £280,199 |
3 Month Average | 52.411 % | £112,027 | £325,777 |
6 Month Average | 50.603 % | £108,163 | £321,913 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £380,635 | £375,000 | 15 HAMILTON DRIVE |
20 Jun 2023 | £339,108 | £335,000 | 75 KINGSTON DRIVE |
24 Feb 2023 | £384,741 | £385,000 | 2 HAMILTON WAY |
5 Aug 2022 | £398,876 | £399,950 | 24 HAMILTON DRIVE |
1 Aug 2022 | £388,953 | £390,000 | 50 KINGSTON DRIVE |
This house has a floor area of 134 sq meters or 1,446 sq feet when measured on 12 Mar 2012. Using an estimated price of £362,540 means this house is valued at £2,697 per sq meter (£250 per sq foot).
There is one other house on the street which we know the size of, this is 1 KINGSTON WAY it is 101.24
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hamilton Drive |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Links Avenue |
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Grenada Close |