£500,256
This estimated value is based upon the latest sale price for the house of £292,000 on 1 Apr 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £292,000 | 1 Apr 2011 |
| £74,000 | 19 Aug 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,767 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 2011 the House Price Index for TYNE AND WEAR was 86.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.321%.Applying this 71.321% change to the original purchase price of £292,000 results in an estimated price of approximately £500,256.
| 1 Apr 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.7 | 148.6 | 71.321 % | £292,000 | £208,256 | £500,256 |
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 | -9.756 % | £-28,487 | £263,512 |
| 3 Month Average | 21.253 % | £62,059 | £354,059 |
| 6 Month Average | 22.962 % | £67,048 | £359,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £361,350 | £356,000 | 14 HEATHFIELD PLACE |
| 10 Mar 2023 | £486,079 | £481,500 | 301 DURHAM ROAD |
| 30 Sep 2022 | £376,956 | £380,000 | 25 HEATHFIELD PLACE |
| 15 Dec 2021 | £227,668 | £212,500 | 4 DENE HOUSE DURHAM ROAD |
| 10 Jun 2021 | £458,139 | £427,000 | 12 CLIFTON GARDENS |
This house has a floor area of 164 sq meters or 1,767 sq feet when measured on 26 Aug 2009. Using an estimated price of £500,257 means this house is valued at £3,046 per sq meter (£283 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Mar 2024 | Anti-social behaviour | On or near Chesters Park | |
| Feb 2024 | Anti-social behaviour | On or near Chesters Park |