£296,589
This estimated value is based upon the latest sale price for the house of £239,950 on 5 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£239,950 | 5 Sep 2019 |
£215,000 | 29 Jun 2018 |
£125,000 | 15 May 2009 |
Semi-Detached |
Freehold |
Floor Area: 54 sq meters or 581 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £239,950 results in an estimated price of approximately £296,589.
5 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.605 % | £239,950 | £56,639 | £296,589 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -50.054 % | £-120,104 | £119,845 |
3 Month Average | 13.114 % | £31,466 | £271,416 |
6 Month Average | 4.784 % | £11,478 | £251,428 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £272,627 | £264,250 | 23 FAIRFIELD DRIVE |
11 Sep 2023 | £281,199 | £275,000 | 23 HOLM GREEN |
30 Jun 2023 | £250,010 | £245,000 | 36 GRANGE PARK |
28 Apr 2023 | £366,862 | £360,000 | 21 EARSDON ROAD |
14 Jul 2022 | £227,277 | £225,000 | 48 GRANGE PARK |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 17 Apr 2013. Using an estimated price of £296,589 means this house is valued at £5,492 per sq meter (£510 per sq foot).
The average size of a house on FAIRFIELD DRIVE is 74 sq meters (804 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Green Square |
Jun 2024 | Other crime | Under investigation | On or near Green Close |
May 2024 | Violence and sexual offences | Under investigation | On or near Green Close |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near A192 |
Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near A192 |