£360,428
This estimated value is based upon the latest sale price for the house of £292,500 on 15 May 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£292,500 | 15 May 2020 |
£321,500 | 27 Sep 2012 |
Detached |
Freehold |
Floor Area: 169 sq meters or 1,819 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £292,500 results in an estimated price of approximately £360,428.
15 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £292,500 | £67,928 | £360,428 |
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 | -48.338 % | £-141,387 | £151,112 |
3 Month Average | 20.705 % | £60,563 | £353,063 |
6 Month Average | 10.804 % | £31,602 | £324,102 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £180,548 | £175,000 | 16 SPENCERS VIEW |
27 Jun 2023 | £250,010 | £245,000 | 160 KING OSWALD DRIVE |
31 Aug 2022 | £170,799 | £170,000 | 82 KING OSWALD DRIVE |
31 Aug 2022 | £276,292 | £275,000 | 110 KING OSWALD DRIVE |
16 May 2022 | £171,467 | £167,000 | 111 KING OSWALD DRIVE |
This house has a floor area of 169 sq meters or 1,819 sq feet when measured on 24 Aug 2012. Using an estimated price of £360,429 means this house is valued at £2,132 per sq meter (£198 per sq foot).
The average size of a house on KING OSWALD DRIVE is 118 sq meters (1,277 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hadrian Drive |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spencers View |
May 2024 | Anti-social behaviour | On or near St Hildas Place | |
May 2024 | Public order | Under investigation | On or near St Hildas Place |
May 2024 | Anti-social behaviour | On or near St Hildas Place |