£292,952
This estimated value is based upon the latest sale price for the house of £185,000 on 21 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£185,000 | 21 Feb 2014 |
£100,000 | 24 Nov 2000 |
£100,000 | 24 Nov 2000 |
Detached |
Freehold |
Floor Area: 100 sq meters or 1,077 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £185,000 results in an estimated price of approximately £292,952.
21 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.8 | 148.6 | 58.353 % | £185,000 | £107,952 | £292,952 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 61.755 % | £114,247 | £299,247 |
3 Month Average | -4.565 % | £-8,444 | £176,555 |
6 Month Average | 11.185 % | £20,691 | £205,691 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £162,849 | £160,000 | 1 GARDEN DRIVE |
15 Sep 2023 | £131,684 | £130,000 | 1 GRAHAM ROAD |
30 Jun 2022 | £128,820 | £127,000 | 26 BUCHANAN STREET |
28 Apr 2022 | £278,046 | £270,000 | 72 NORTH DRIVE |
4 Mar 2022 | £219,688 | £212,000 | 18 NORTH FARM ROAD |
This house has a floor area of 100 sq meters or 1,077 sq feet when measured on 11 Feb 2011. Using an estimated price of £292,952 means this house is valued at £2,926 per sq meter (£271 per sq foot).
The average size of a house on NORTH DRIVE is 83 sq meters (894 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near North Farm Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near North Farm Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near North Farm Road |
Jan 2024 | Vehicle crime | Awaiting court outcome | On or near North Farm Road |
Jan 2024 | Criminal damage and arson | Under investigation | On or near North Farm Road |