£141,343
This estimated value is based upon the latest sale price for the house of £137,000 on 8 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £137,000 | 8 Dec 2023 |
| £125,000 | 7 Feb 2020 |
| £122,000 | 31 Jan 2020 |
| £115,000 | 14 Aug 2017 |
| £110,000 | 15 Sep 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 December 2023 the House Price Index for TYNE AND WEAR was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £137,000 results in an estimated price of approximately £141,343.
| 8 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £137,000 | £4,343 | £141,343 |
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 | -23.987 % | £-32,862 | £104,137 |
| 3 Month Average | -14.487 % | £-19,847 | £117,152 |
| 6 Month Average | -3.147 % | £-4,311 | £132,688 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £141,343 | £137,000 | 9 OLIVE GARDENS |
| 27 Oct 2023 | £136,654 | £133,550 | 7 OLIVE GARDENS |
| 20 Oct 2023 | £145,300 | £142,000 | 6 OLIVE GARDENS |
| 20 Oct 2023 | £145,300 | £142,000 | 4 OLIVE GARDENS |
| 28 Sep 2023 | £143,156 | £140,000 | 22 OLIVE GARDENS |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 10 Jul 2017. Using an estimated price of £141,343 means this house is valued at £2,826 per sq meter (£262 per sq foot).
The average size of a house on OLIVE GARDENS is 69 sq meters (747 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (538 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Beverley Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Beverley Crescent |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jul 2024 | Anti-social behaviour | On or near Evistones Road | |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Old Durham Road |