£462,898
This estimated value is based upon the latest sale price for the house of £380,000 on 10 Jul 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£380,000 | 10 Jul 2020 |
£323,000 | 7 Jul 2015 |
£112,000 | 11 May 2000 |
Detached |
Freehold |
Floor Area: 138 sq meters or 1,485 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 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £380,000 results in an estimated price of approximately £462,898.
10 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 149.7 | 21.815 % | £380,000 | £82,898 | £462,898 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 15.058 % | £57,220 | £437,220 |
3 Month Average | 41.880 % | £159,142 | £539,142 |
6 Month Average | 32.316 % | £122,802 | £502,802 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £384,767 | £375,000 | 15 HAMILTON DRIVE |
24 Feb 2023 | £387,589 | £385,000 | 2 HAMILTON WAY |
5 Aug 2022 | £401,829 | £399,950 | 24 HAMILTON DRIVE |
22 Dec 2021 | £404,740 | £375,000 | 10 ST VINCENTS WAY |
15 Dec 2021 | £523,464 | £485,000 | 1 WESTERN WAY |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 8 Jan 2015. Using an estimated price of £462,898 means this house is valued at £3,354 per sq meter (£311 per sq foot).
The average size of a house on WESTERN WAY is 117 sq meters (1,259 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Anti-social behaviour | On or near Grenada Close | |
Apr 2024 | Anti-social behaviour | On or near Grenada Close |