£257,338
This estimated value is based upon the latest sale price for the house of £190,000 on 29 Apr 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £190,000 | 29 Apr 2016 |
| £162,000 | 9 Dec 2011 |
| £135,000 | 19 May 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 60 sq meters or 654 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 April 2016 the House Price Index for TYNE AND WEAR was 109.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.442%.Applying this 35.442% change to the original purchase price of £190,000 results in an estimated price of approximately £257,338.
| 29 Apr 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 148.6 | 35.442 % | £190,000 | £67,338 | £257,338 |
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 | 4.955 % | £9,414 | £199,414 |
| 3 Month Average | 24.911 % | £47,330 | £237,330 |
| 6 Month Average | 23.621 % | £44,879 | £234,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jul 2023 | £324,366 | £320,000 | 32 THORNTREE DRIVE |
| 17 Jan 2022 | £231,530 | £220,000 | 23 MARINA DRIVE |
| 13 Sep 2021 | £274,786 | £255,000 | 18 MARINA DRIVE |
| 6 Nov 2020 | £252,739 | £218,000 | 5 MARINA DRIVE |
| 14 Aug 2020 | £289,275 | £241,250 | 36 MARINA DRIVE |
This house has a floor area of 60 sq meters or 654 sq feet when measured on 11 Feb 2011. Using an estimated price of £257,339 means this house is valued at £4,235 per sq meter (£393 per sq foot).
The average size of a house on MARINA DRIVE is 91 sq meters (983 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (654 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Church Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Church Close |
| Mar 2024 | Anti-social behaviour | On or near Earsdon Road | |
| Mar 2024 | Anti-social behaviour | On or near Earsdon Road | |
| Apr 2024 | Anti-social behaviour | On or near Sandringham Drive |