£592,909
This estimated value is based upon the latest sale price for the house of £450,000 on 1 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £450,000 | 1 Nov 2016 |
| Freehold |
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 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £450,000 results in an estimated price of approximately £592,909.
| 1 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £450,000 | £142,909 | £592,909 |
The Postcode Pricing Model uses changes in average sales price within the NE4 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 | 63.558 % | £286,008 | £736,008 |
| 3 Month Average | 3.491 % | £15,707 | £465,707 |
| 6 Month Average | 12.771 % | £57,468 | £507,468 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £68,000 | £68,000 | 13 OAKWOOD COURT WESTERN DRIVE |
| 23 Jun 2023 | £161,962 | £160,000 | 15 KELDANE GARDENS |
| 30 Mar 2023 | £151,427 | £150,000 | 6 WESTERN DRIVE |
| 31 May 2022 | £173,265 | £170,000 | 5 AUDEN GROVE |
| 11 Nov 2020 | £121,732 | £105,000 | 5 KELDANE GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Keldane Gardens |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Keldane Gardens |
| Mar 2024 | Robbery | Under investigation | On or near Lewis Drive |
| Jan 2024 | Other crime | Under investigation | On or near Lewis Drive |