£197,861
This estimated value is based upon the latest sale price for the house of £124,950 on 14 Feb 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 |
---|---|
£124,950 | 14 Feb 2014 |
£55,000 | 10 May 2002 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £124,950 results in an estimated price of approximately £197,861.
14 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.8 | 148.6 | 58.353 % | £124,950 | £72,911 | £197,861 |
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 | -42.715 % | £-53,372 | £71,577 |
3 Month Average | 9.791 % | £12,234 | £137,184 |
6 Month Average | 20.655 % | £25,808 | £150,758 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Aug 2023 | £157,377 | £156,000 | 53 RECTORY LANE |
7 Aug 2023 | £128,121 | £127,000 | 12 GRASMERE CRESCENT |
26 Jul 2023 | £121,586 | £119,950 | 17 GIBSIDE VIEW |
31 Jan 2023 | £116,949 | £117,500 | 69 GIBSIDE VIEW |
17 Jun 2022 | £133,892 | £132,000 | 45 DERWENT VIEW |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 24 Sep 2013. Using an estimated price of £197,861 means this house is valued at £2,104 per sq meter (£195 per sq foot).
The average size of a house on DERWENT VIEW is 95 sq meters (1,032 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Under investigation | On or near Derwent View |
Mar 2024 | Vehicle crime | Under investigation | On or near Gibside View |
Mar 2024 | Public order | Under investigation | On or near Gibside View |
Mar 2024 | Vehicle crime | Under investigation | On or near Gibside View |
Mar 2024 | Burglary | Under investigation | On or near Gibside View |