£282,390
This estimated value is based upon the latest sale price for the house of £170,000 on 26 Jul 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£170,000 | 26 Jul 2013 |
£65,950 | 21 Feb 1997 |
Semi-Detached |
Leasehold |
Floor Area: 101 sq meters or 1,087 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 July 2013 the House Price Index for TYNE AND WEAR was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £170,000 results in an estimated price of approximately £282,390.
26 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.5 | 148.6 | 66.112 % | £170,000 | £112,390 | £282,390 |
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 | 20.205 % | £34,347 | £204,347 |
3 Month Average | 27.131 % | £46,122 | £216,122 |
6 Month Average | 38.516 % | £65,476 | £235,476 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £334,502 | £330,000 | 6 CAYNHAM CLOSE |
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 |
2 Sep 2021 | £227,372 | £211,000 | 99 MALVERN ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 30 Apr 2013. Using an estimated price of £282,391 means this house is valued at £2,795 per sq meter (£259 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Cleehill Drive |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wenlock Drive |
Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Ludlow Avenue |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Kelso Drive |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Kelso Drive |