£112,324
This estimated value is based upon the latest sale price for the house of £20,000 on 18 Jul 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £20,000 | 18 Jul 1996 |
| Detached |
| Freehold |
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 July 1996 the House Price Index for TYNE AND WEAR was 26.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 461.621%.Applying this 461.621% change to the original purchase price of £20,000 results in an estimated price of approximately £112,324.
| 18 Jul 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 149.7 | 461.621 % | £20,000 | £92,324 | £112,324 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | 159.387 % | £31,877 | £51,877 |
| 3 Month Average | 286.472 % | £57,294 | £77,294 |
| 6 Month Average | 276.602 % | £55,320 | £75,320 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £103,170 | £100,000 | 123 DERWENT WATER DRIVE |
| 27 Nov 2023 | £61,563 | £60,000 | 12 STONECHAT MOUNT |
| 3 Nov 2023 | £174,428 | £170,000 | 8 TEMPEST STREET |
| 26 Jun 2023 | £214,294 | £210,000 | 77 DERWENT WATER DRIVE |
| 5 Jun 2023 | £106,127 | £104,000 | 109 DERWENT WATER DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Stella Lane |
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Stella Lane |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane | |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane | |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane |