£392,869
This estimated value is based upon the latest sale price for the house of £97,500 on 16 Dec 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,500 | 16 Dec 1999 |
| £91,000 | 15 Dec 1995 |
| 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 December 1999 the House Price Index for TYNE AND WEAR was 36.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 302.943%.Applying this 302.943% change to the original purchase price of £97,500 results in an estimated price of approximately £392,869.
| 16 Dec 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 36.9 | 148.6 | 302.943 % | £97,500 | £295,369 | £392,869 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 190.038 % | £185,287 | £282,787 |
| 3 Month Average | 220.725 % | £215,206 | £312,706 |
| 6 Month Average | 256.358 % | £249,949 | £347,449 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £286,354 | £282,500 | 159A ABBOTS WAY |
| 29 Apr 2022 | £313,574 | £304,500 | 189 ABBOTS WAY |
| 31 Jan 2022 | £227,320 | £216,000 | 250 ABBOTS WAY |
| 23 Apr 2021 | £400,294 | £354,500 | 218 ABBOTS WAY |
| 31 Jul 2019 | £468,682 | £380,000 | 109 ABBOTS WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Abbots Way |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Dryburgh Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Hospital |
| Apr 2024 | Anti-social behaviour | On or near Kelso Drive | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Kelso Drive |