£144,096
This estimated value is based upon the latest sale price for the house of £85,000 on 8 Aug 2008. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 8 Aug 2008 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 August 2008 the House Price Index for TYNE AND WEAR was 88.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 69.526%.Applying this 69.526% change to the original purchase price of £85,000 results in an estimated price of approximately £144,096.
| 8 Aug 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 149.7 | 69.526 % | £85,000 | £59,096 | £144,096 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 70.592 % | £60,003 | £145,003 |
| 3 Month Average | 27.537 % | £23,406 | £108,406 |
| 6 Month Average | 17.211 % | £14,629 | £99,629 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £110,964 | £110,000 | 37 ROSEHILL ROAD |
| 5 Apr 2024 | £110,968 | £110,004 | 3 HELMSLEY DRIVE |
| 19 Dec 2023 | £118,646 | £115,000 | 43 HELMSLEY DRIVE |
| 9 Jun 2023 | £129,597 | £127,000 | 35 ROSEHILL ROAD |
| 10 Mar 2023 | £155,980 | £153,375 | 33 RAVENSWORTH STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 9 Jul 2021. Using an estimated price of £144,097 means this house is valued at £2,088 per sq meter (£194 per sq foot).
The average size of a house on MILLERS BANK is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Millers Bank | |
| May 2024 | Anti-social behaviour | On or near Millers Bank | |
| May 2024 | Anti-social behaviour | On or near Millers Bank | |
| May 2024 | Anti-social behaviour | On or near Millers Bank | |
| Jul 2024 | Public order | Under investigation | On or near Helmsley Drive |