£358,293
This estimated value is based upon the latest sale price for the house of £160,000 on 3 Oct 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £160,000 | 3 Oct 2003 |
| Terraced |
| Freehold |
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 October 2003 the House Price Index for TYNE AND WEAR was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £160,000 results in an estimated price of approximately £358,293.
| 3 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £160,000 | £198,293 | £358,293 |
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 | 36.479 % | £58,366 | £218,366 |
| 3 Month Average | 76.776 % | £122,841 | £282,841 |
| 6 Month Average | 73.250 % | £117,200 | £277,200 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £105,275 | £104,000 | 1 EARLS DRIVE |
| 16 Feb 2023 | £157,894 | £158,000 | 18 EARLS DRIVE |
| 27 May 2022 | £385,259 | £378,000 | 17 ALBERT DRIVE |
| 27 May 2022 | £271,771 | £266,650 | 19 CEDAR CRESCENT |
| 8 Apr 2022 | £279,087 | £271,011 | 9 MYRTLE GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Forster Court |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Well Lane |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Lane |
| Feb 2024 | Anti-social behaviour | On or near Well Lane |