£134,974
This estimated value is based upon the latest sale price for the house of £108,500 on 3 Sep 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£108,500 | 3 Sep 2018 |
£45,000 | 25 Mar 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 63 sq meters or 678 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 September 2018 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £108,500 results in an estimated price of approximately £134,974.
3 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.401 % | £108,500 | £26,474 | £134,974 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 16.354 % | £17,744 | £126,244 |
3 Month Average | 0.646 % | £700 | £109,200 |
6 Month Average | 3.070 % | £3,330 | £111,830 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £141,343 | £137,000 | 9 OLIVE GARDENS |
27 Oct 2023 | £136,654 | £133,550 | 7 OLIVE GARDENS |
20 Oct 2023 | £145,300 | £142,000 | 6 OLIVE GARDENS |
20 Oct 2023 | £145,300 | £142,000 | 4 OLIVE GARDENS |
28 Sep 2023 | £143,156 | £140,000 | 22 OLIVE GARDENS |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 9 Nov 2017. Using an estimated price of £134,975 means this house is valued at £2,142 per sq meter (£199 per sq foot).
The average size of a house on OLIVE GARDENS is 69 sq meters (747 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Vehicle crime | Under investigation | On or near Beverley Road |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Beverley Crescent |
Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
Jul 2024 | Anti-social behaviour | On or near Evistones Road | |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Durham Road |