£183,369
This estimated value is based upon the latest sale price for the house of £142,500 on 10 May 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £142,500 | 10 May 2017 |
| £66,000 | 24 Sep 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 May 2017 the House Price Index for TYNE AND WEAR was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £142,500 results in an estimated price of approximately £183,369.
| 10 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £142,500 | £40,869 | £183,369 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 18.615 % | £26,526 | £169,026 |
| 3 Month Average | 20.601 % | £29,355 | £171,855 |
| 6 Month Average | 11.835 % | £16,864 | £159,364 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £165,420 | £165,420 | 12 HUTTON CLOSE |
| 20 Dec 2023 | £117,048 | £115,000 | 147 DAIRY LANE |
| 10 Nov 2023 | £162,404 | £160,000 | 66 NINE LANDS |
| 31 Jul 2023 | £112,109 | £110,600 | 149 DAIRY LANE |
| 28 Jul 2023 | £121,637 | £120,000 | 139 DAIRY LANE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 18 Dec 2014. Using an estimated price of £183,369 means this house is valued at £1,993 per sq meter (£185 per sq foot).
The average size of a house on NINE LANDS is 95 sq meters (1,031 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Whickham Close | |
| Feb 2024 | Anti-social behaviour | On or near Whickham Close | |
| Feb 2024 | Anti-social behaviour | On or near Whickham Close | |
| Feb 2024 | Anti-social behaviour | On or near Whickham Close | |
| Feb 2024 | Anti-social behaviour | On or near Whickham Close |