£448,447
This estimated value is based upon the latest sale price for the house of £265,000 on 2 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 |
|---|---|
| £265,000 | 2 Nov 2012 |
| £103,000 | 29 Apr 1999 |
| £108,750 | 13 Jun 1995 |
| Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,253 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 £265,000 results in an estimated price of approximately £448,447.
| 2 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.8 | 148.6 | 69.226 % | £265,000 | £183,447 | £448,447 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 16.058 % | £42,553 | £307,553 |
| 3 Month Average | 41.144 % | £109,031 | £374,031 |
| 6 Month Average | 47.774 % | £126,602 | £391,602 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £320,610 | £315,000 | 87 ABBOTS WAY |
| 1 Dec 2023 | £173,282 | £170,250 | 3 SOMERSET GROVE |
| 21 Jul 2023 | £304,093 | £300,000 | 29 ABBOTS WAY |
| 3 Feb 2023 | £319,785 | £320,000 | 28 ABBOTS WAY |
| 28 Jan 2022 | £387,812 | £368,500 | 99 ABBOTS WAY |
This house has a floor area of 116 sq meters or 1,253 sq feet when measured on 11 Aug 2011. Using an estimated price of £448,448 means this house is valued at £3,850 per sq meter (£357 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Truro Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Truro Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Truro Grove |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Truro Grove |
| Jan 2024 | Anti-social behaviour | On or near Truro Grove |