£391,388
This estimated value is based upon the latest sale price for the house of £315,000 on 8 Jul 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£315,000 | 8 Jul 2019 |
£240,000 | 20 Mar 2018 |
£215,500 | 21 Jun 2006 |
Terraced |
Freehold |
Floor Area: 97 sq meters or 1,044 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.250%.Applying this 24.250% change to the original purchase price of £315,000 results in an estimated price of approximately £391,388.
8 Jul 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.250 % | £315,000 | £76,388 | £391,388 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 3.642 % | £11,472 | £326,472 |
3 Month Average | 18.953 % | £59,703 | £374,703 |
6 Month Average | 28.897 % | £91,025 | £406,025 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £302,000 | £302,000 | 3 GRENVILLE WAY |
19 Apr 2024 | £272,365 | £270,000 | 77 WOODBURN DRIVE |
26 Mar 2024 | £304,681 | £300,000 | 8 CAROLYN WAY |
24 Nov 2023 | £395,027 | £385,000 | 43 WOODBURN DRIVE |
30 Jun 2023 | £405,629 | £397,500 | 10 CAROLYN WAY |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 18 Sep 2017. Using an estimated price of £391,389 means this house is valued at £4,034 per sq meter (£374 per sq foot).
The average size of a house on WILLOUGHBY DRIVE is 108 sq meters (1,168 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Vehicle crime | Under investigation | On or near Woodburn Drive |
Jul 2024 | Anti-social behaviour | On or near Ashton Way | |
Jul 2024 | Burglary | Under investigation | On or near Grenville Way |
Jun 2024 | Anti-social behaviour | On or near Nevis Way | |
Jun 2024 | Anti-social behaviour | On or near Nevis Way |