£83,848
This estimated value is based upon the latest sale price for the house of £35,000 on 25 Apr 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £35,000 | 25 Apr 2003 |
| £20,000 | 1 Sep 2000 |
| 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 2003 the House Price Index for TYNE AND WEAR was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £35,000 results in an estimated price of approximately £83,848.
| 25 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £35,000 | £48,848 | £83,848 |
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 | -9.529 % | £-3,335 | £31,664 |
| 3 Month Average | 93.691 % | £32,791 | £67,791 |
| 6 Month Average | 130.774 % | £45,770 | £80,770 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £184,864 | £182,500 | 110 HANOVER DRIVE |
| 21 Apr 2023 | £40,638 | £40,200 | 71 HANOVER DRIVE |
| 26 Aug 2022 | £45,877 | £46,000 | 77 HANOVER DRIVE |
| 29 Jul 2022 | £477,285 | £476,000 | VALLEY VIEW CALEDONIA |
| 9 Jun 2022 | £66,946 | £66,000 | 17 CALEDONIA |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hanover Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Waterloo Street |