£404,727
This estimated value is based upon the latest sale price for the house of £330,000 on 15 Nov 2019. 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 A167
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| Price Paid | Date |
|---|---|
| £330,000 | 15 Nov 2019 |
| £95,000 | 5 Jul 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 214 sq meters or 2,303 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 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £330,000 results in an estimated price of approximately £404,727.
| 15 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £330,000 | £74,727 | £404,727 |
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 | -10.593 % | £-34,956 | £295,043 |
| 3 Month Average | 16.456 % | £54,304 | £384,304 |
| 6 Month Average | 14.920 % | £49,237 | £379,237 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £236,640 | £232,500 | 13A CHESTERS PARK |
| 25 Aug 2023 | £248,171 | £246,000 | 14 MUSGRAVE ROAD |
| 19 Nov 2021 | £343,921 | £318,000 | 15 LAVENDER GARDENS |
| 18 Dec 2020 | £464,824 | £405,000 | 357 DURHAM ROAD |
| 18 Dec 2020 | £378,745 | £330,000 | 4 HAWTHORN GARDENS |
This house has a floor area of 214 sq meters or 2,303 sq feet when measured on 20 May 2014. Using an estimated price of £404,727 means this house is valued at £1,891 per sq meter (£175 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near A167 |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
| Mar 2024 | Anti-social behaviour | On or near Chesters Park | |
| Mar 2024 | Anti-social behaviour | On or near Chesters Park | |
| Feb 2024 | Anti-social behaviour | On or near Chesters Park |