£197,665
This estimated value is based upon the latest sale price for the house of £115,000 on 5 Apr 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 |
|---|---|
| £115,000 | 5 Apr 2012 |
| £51,000 | 18 Aug 2003 |
| £51,000 | 18 Aug 2003 |
| £51,000 | 18 Aug 2003 |
| Flats/Maisonettes |
| Leasehold |
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 April 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.883%.Applying this 71.883% change to the original purchase price of £115,000 results in an estimated price of approximately £197,665.
| 5 Apr 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 149.7 | 71.883 % | £115,000 | £82,665 | £197,665 |
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 | 10.512 % | £12,088 | £127,088 |
| 3 Month Average | 10.689 % | £12,292 | £127,292 |
| 6 Month Average | 17.559 % | £20,192 | £135,192 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £124,919 | £123,000 | 682 DURHAM ROAD |
| 8 Dec 2023 | £438,473 | £425,000 | 30 WORLEY AVENUE |
| 8 Nov 2023 | £220,600 | £215,000 | 237 KELLS LANE |
| 6 Oct 2023 | £173,951 | £170,000 | 34 WORLEY AVENUE |
| 25 Nov 2022 | £111,479 | £112,000 | 39 WORLEY AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| May 2024 | Anti-social behaviour | On or near Durham Road | |
| May 2024 | Anti-social behaviour | On or near Durham Road |