£114,832
This estimated value is based upon the latest sale price for the house of £62,000 on 5 Jul 2005. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £62,000 | 5 Jul 2005 |
| £123,000 | 23 Apr 1999 |
| 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 2005 the House Price Index for TYNE AND WEAR was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.214%.Applying this 85.214% change to the original purchase price of £62,000 results in an estimated price of approximately £114,832.
| 5 Jul 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 149.7 | 85.214 % | £62,000 | £52,832 | £114,832 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -76.587 % | £-47,484 | £14,515 |
| 3 Month Average | -20.894 % | £-12,954 | £49,045 |
| 6 Month Average | -7.709 % | £-4,779 | £57,220 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £321,004 | £315,000 | 16 MARWELL DRIVE |
| 18 Mar 2022 | £177,469 | £170,000 | 26 MARWELL DRIVE |
| 11 Mar 2022 | £101,783 | £97,500 | 5 THE PINES |
| 21 Jan 2022 | £689,129 | £650,000 | 13 USWORTH HALL |
| 7 Dec 2021 | £329,189 | £305,000 | 17 USWORTH HALL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Anti-social behaviour | On or near Wimpole Close | |
| May 2024 | Anti-social behaviour | On or near Wimpole Close | |
| May 2024 | Anti-social behaviour | On or near Wimpole Close | |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stephenson Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Stephenson Road |