£304,800
This estimated value is based upon the latest sale price for the house of £240,000 on 7 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£240,000 | 7 Nov 2017 |
£172,500 | 27 Jan 2017 |
Semi-Detached |
Freehold |
Floor Area: 72 sq meters or 775 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 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.000%.Applying this 27.000% change to the original purchase price of £240,000 results in an estimated price of approximately £304,800.
7 Nov 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 149.7 | 27.000 % | £240,000 | £64,800 | £304,800 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -34.137 % | £-81,928 | £158,071 |
3 Month Average | 25.139 % | £60,332 | £300,332 |
6 Month Average | 22.594 % | £54,226 | £294,226 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Mar 2024 | £279,291 | £275,000 | 24 FRANKLAND DRIVE |
4 Mar 2024 | £396,085 | £390,000 | 1 NEWLANDS AVENUE |
15 Dec 2023 | £277,563 | £269,034 | 13 ARCOT DRIVE |
17 Nov 2023 | £302,683 | £295,000 | 21 BURNT HOUSE ROAD |
31 Mar 2023 | £350,611 | £344,756 | 4 NEWLANDS AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 15 Jun 2017. Using an estimated price of £304,800 means this house is valued at £4,233 per sq meter (£393 per sq foot).
The average size of a house on BURNT HOUSE ROAD is 107 sq meters (1,157 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frankland Drive |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frankland Drive |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Frankland Drive |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frankland Drive |
Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Frankland Drive |