£154,861
This estimated value is based upon the latest sale price for the house of £40,000 on 14 Mar 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Durham Road
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| Price Paid | Date |
|---|---|
| £40,000 | 14 Mar 2000 |
| £38,500 | 11 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 87 sq meters or 936 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 March 2000 the House Price Index for TYNE AND WEAR was 38.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 287.153%.Applying this 287.153% change to the original purchase price of £40,000 results in an estimated price of approximately £154,861.
| 14 Mar 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 38.4 | 148.6 | 287.153 % | £40,000 | £114,861 | £154,861 |
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 | 126.708 % | £50,683 | £90,683 |
| 3 Month Average | 191.751 % | £76,700 | £116,700 |
| 6 Month Average | 188.607 % | £75,442 | £115,442 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £218,231 | £215,000 | 237 KELLS LANE |
| 24 Jul 2023 | £150,526 | £148,500 | 8 WORLEY AVENUE |
| 7 Jul 2023 | £162,690 | £160,500 | 45 WORLEY AVENUE |
| 25 Nov 2022 | £110,660 | £112,000 | 40 WORLEY AVENUE |
| 25 Nov 2022 | £110,660 | £112,000 | 39 WORLEY AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 11 Jul 2013. Using an estimated price of £154,861 means this house is valued at £1,780 per sq meter (£165 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Durham Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Road |