£105,582
This estimated value is based upon the latest sale price for the house of £70,000 on 14 Nov 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£70,000 | 14 Nov 2014 |
Semi-Detached |
Freehold |
Floor Area: 65 sq meters or 699 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £70,000 results in an estimated price of approximately £105,582.
14 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.2 | 149.7 | 50.833 % | £70,000 | £35,582 | £105,582 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -22.228 % | £-15,559 | £54,440 |
3 Month Average | 8.504 % | £5,952 | £75,952 |
6 Month Average | 2.733 % | £1,913 | £71,913 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Jun 2024 | £90,000 | £90,000 | 22 BUCKLAND CLOSE |
14 Dec 2023 | £113,487 | £110,000 | 10 FOUNTAINS CRESCENT |
20 Nov 2023 | £87,214 | £85,000 | 3 HOLYSTONE CLOSE |
20 Oct 2023 | £81,859 | £80,000 | 68 ABBEY DRIVE |
1 Sep 2023 | £107,367 | £105,000 | 21 FOUNTAINS CRESCENT |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 28 Jul 2014. Using an estimated price of £105,583 means this house is valued at £1,624 per sq meter (£150 per sq foot).
The average size of a house on ABBEY DRIVE is 87 sq meters (944 sq feet).
This house is the smallest in the street with a floor area of 65 sq meters (699 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Newminster Close |
Jul 2024 | Anti-social behaviour | On or near Rosedale Crescent | |
Jun 2024 | Other crime | Under investigation | On or near Rosedale Crescent |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Buckland Close |
Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Byland Close |