£339,769
This estimated value is based upon the latest sale price for the house of £275,000 on 14 Nov 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £275,000 | 14 Nov 2019 |
| £230,250 | 5 Sep 2014 |
| £89,000 | 18 May 2001 |
| £50,000 | 1 May 1998 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 2019 the House Price Index for TYNE AND WEAR was 121.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.552%.Applying this 23.552% change to the original purchase price of £275,000 results in an estimated price of approximately £339,769.
| 14 Nov 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 149.7 | 23.552 % | £275,000 | £64,769 | £339,769 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -4.124 % | £-11,340 | £263,659 |
| 3 Month Average | 1.059 % | £2,913 | £277,913 |
| 6 Month Average | 5.807 % | £15,969 | £290,969 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £86,000 | £86,000 | 18 ESLINGTON MEWS DRYDEN ROAD |
| 20 Dec 2023 | £118,646 | £115,000 | 11 ESLINGTON MEWS DRYDEN ROAD |
| 6 Dec 2023 | £87,695 | £85,000 | 15 ESLINGTON MEWS DRYDEN ROAD |
| 4 Dec 2023 | £118,646 | £115,000 | 7 ESLINGTON MEWS |
| 14 Nov 2023 | £338,595 | £330,000 | 8 ESSEX GARDENS |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 1 May 2014. Using an estimated price of £339,769 means this house is valued at £3,088 per sq meter (£286 per sq foot).
The average size of a house on ESSEX GARDENS is 146 sq meters (1,574 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Summerfield Road |
| Jul 2024 | Anti-social behaviour | On or near Lindum Road | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lindum Road |
| Jul 2024 | Anti-social behaviour | On or near Lindum Road | |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Lindum Road |