£178,600
This estimated value is based upon the latest sale price for the house of £107,100 on 20 Dec 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£107,100 | 20 Dec 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 60 sq meters or 645 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 December 2006 the House Price Index for TYNE AND WEAR was 89.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.761%.Applying this 66.761% change to the original purchase price of £107,100 results in an estimated price of approximately £178,600.
20 Dec 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.8 | 149.7 | 66.761 % | £107,100 | £71,500 | £178,600 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 43.723 % | £46,827 | £153,927 |
3 Month Average | 21.015 % | £22,507 | £129,607 |
6 Month Average | 14.300 % | £15,315 | £122,415 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £85,694 | £84,950 | 70 LANDFALL DRIVE |
26 Mar 2024 | £83,533 | £82,250 | 10 MAY CLOSE |
1 Sep 2023 | £201,441 | £197,000 | 94 LANDFALL DRIVE |
2 Jun 2023 | £88,779 | £87,000 | 7 LANDFALL DRIVE |
20 Mar 2023 | £81,359 | £80,000 | 5 LANDFALL DRIVE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 6 Oct 2015. Using an estimated price of £178,601 means this house is valued at £2,976 per sq meter (£276 per sq foot).
The average size of a house on LANDFALL DRIVE is 76 sq meters (819 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near May Close | |
May 2024 | Other crime | Under investigation | On or near May Close |
Jun 2024 | Anti-social behaviour | On or near Landfall Drive | |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Landfall Drive |
Jun 2024 | Anti-social behaviour | On or near Landfall Drive |