£244,680
This estimated value is based upon the latest sale price for the house of £132,000 on 11 Jun 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£132,000 | 11 Jun 2009 |
Terraced |
Freehold |
Floor Area: 34 sq meters or 370 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 June 2009 the House Price Index for TYNE AND WEAR was 80.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 85.364%.Applying this 85.364% change to the original purchase price of £132,000 results in an estimated price of approximately £244,680.
11 Jun 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
80.8 | 149.7 | 85.364 % | £132,000 | £112,680 | £244,680 |
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 | 70.899 % | £93,586 | £225,586 |
3 Month Average | 33.203 % | £43,827 | £175,827 |
6 Month Average | 24.817 % | £32,758 | £164,758 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £85,694 | £84,950 | 70 LANDFALL DRIVE |
1 Sep 2023 | £201,441 | £197,000 | 94 LANDFALL DRIVE |
16 Jun 2023 | £158,170 | £155,000 | 17 TROILUS GARDENS |
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 34 sq meters or 370 sq feet when measured on 23 Mar 2009. Using an estimated price of £244,680 means this house is valued at £7,106 per sq meter (£660 per sq foot).
The average size of a house on TROILUS GARDENS is 66 sq meters (713 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Landfall Drive | |
Jun 2024 | Anti-social behaviour | On or near Landfall Drive | |
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Landfall Drive |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Cressida Gardens |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cressida Gardens |