£311,515
This estimated value is based upon the latest sale price for the house of £250,000 on 9 Aug 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Durham Road
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| Price Paid | Date |
|---|---|
| £250,000 | 9 Aug 2018 |
| £81,000 | 25 Jan 2002 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 August 2018 the House Price Index for TYNE AND WEAR was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £250,000 results in an estimated price of approximately £311,515.
| 9 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £250,000 | £61,515 | £311,515 |
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 | 4.251 % | £10,627 | £260,627 |
| 3 Month Average | 4.095 % | £10,238 | £260,238 |
| 6 Month Average | -4.539 % | £-11,346 | £238,653 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £172,653 | £170,000 | 20 WILSONS LANE |
| 17 Nov 2023 | £148,777 | £145,000 | 5 - 7 LOWERYS LANE |
| 3 Nov 2023 | £200,079 | £195,000 | 5 THE WAREHOUSE WELL LANE |
| 22 Sep 2023 | £200,418 | £196,000 | 9 ELDER GROVE |
| 27 Jun 2023 | £86,738 | £85,000 | 537 DURHAM ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 23 Mar 2018. Using an estimated price of £311,515 means this house is valued at £2,756 per sq meter (£256 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Road |
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Durham Road |