£175,422
This estimated value is based upon the latest sale price for the house of £128,500 on 1 Feb 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Durham Drive
More crime details
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Price Paid | Date |
---|---|
£128,500 | 1 Feb 2016 |
Terraced |
Leasehold |
Floor Area: 79 sq meters or 850 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 2016 the House Price Index for TYNE AND WEAR was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £128,500 results in an estimated price of approximately £175,422.
1 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
108.9 | 148.6 | 36.515 % | £128,500 | £46,922 | £175,422 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 27.659 % | £35,542 | £164,042 |
3 Month Average | -1.546 % | £-1,986 | £126,513 |
6 Month Average | 11.615 % | £14,924 | £143,424 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2023 | £156,101 | £154,000 | 7 ELY WAY |
3 Jul 2023 | £136,842 | £135,000 | 18 CHICHESTER WAY |
18 Nov 2022 | £74,102 | £75,000 | 16 ELY WAY |
28 Oct 2022 | £113,775 | £115,000 | 4 CHESTER WAY |
22 Feb 2022 | £141,574 | £135,000 | 42 DURHAM DRIVE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 9 Dec 2014. Using an estimated price of £175,422 means this house is valued at £2,220 per sq meter (£206 per sq foot).
The average size of a house on COVENTRY WAY is 77 sq meters (836 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Drive |
Mar 2024 | Public order | Awaiting court outcome | On or near Durham Drive |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Durham Drive |
Mar 2024 | Public order | Awaiting court outcome | On or near Durham Drive |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Durham Drive |