£355,289
This estimated value is based upon the latest sale price for the house of £209,950 on 30 Nov 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£209,950 | 30 Nov 2012 |
Detached |
Freehold |
Floor Area: 175 sq meters or 1,883 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 November 2012 the House Price Index for TYNE AND WEAR was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £209,950 results in an estimated price of approximately £355,289.
30 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.8 | 148.6 | 69.226 % | £209,950 | £145,339 | £355,289 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -43.445 % | £-91,213 | £118,736 |
3 Month Average | -0.581 % | £-1,219 | £208,730 |
6 Month Average | 19.239 % | £40,392 | £250,342 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £101,781 | £100,000 | 123 DERWENT WATER DRIVE |
26 Jun 2023 | £212,575 | £210,000 | 77 DERWENT WATER DRIVE |
5 Jun 2023 | £106,287 | £105,000 | 109 DERWENT WATER DRIVE |
27 Jan 2023 | £239,870 | £241,000 | 12 NUNNS WAY |
27 May 2022 | £277,733 | £272,500 | 45 DERWENT WATER DRIVE |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 16 Mar 2012. Using an estimated price of £355,289 means this house is valued at £2,030 per sq meter (£188 per sq foot).
The average size of a house on DERWENT WATER DRIVE is 88 sq meters (955 sq feet).
This house is the largest in the street with a floor area of 175 sq meters (1,883 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Nunns Way |
Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
Apr 2024 | Anti-social behaviour | On or near Stella Lane | |
Jan 2024 | Anti-social behaviour | On or near Stella Lane |