£382,206
This estimated value is based upon the latest sale price for the house of £315,000 on 5 Mar 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£315,000 | 5 Mar 2020 |
£290,650 | 12 Nov 2015 |
Detached |
Freehold |
Floor Area: 163 sq meters or 1,754 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 2020 the House Price Index for TYNE AND WEAR was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £315,000 results in an estimated price of approximately £382,206.
5 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
123.4 | 149.7 | 21.335 % | £315,000 | £67,206 | £382,206 |
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 | -45.580 % | £-143,576 | £171,423 |
3 Month Average | 13.749 % | £43,308 | £358,308 |
6 Month Average | 13.209 % | £41,609 | £356,609 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Apr 2024 | £343,987 | £341,000 | 30 KING OSWALD DRIVE |
15 Sep 2023 | £110,434 | £108,000 | 98 DERWENT WATER DRIVE |
30 Jun 2023 | £163,272 | £160,000 | 26 HADRIAN DRIVE |
14 Mar 2023 | £122,038 | £120,000 | 105 DERWENT WATER DRIVE |
12 Jan 2023 | £93,249 | £93,000 | 18 HADRIAN DRIVE |
This house has a floor area of 163 sq meters or 1,754 sq feet when measured on 14 Aug 2015. Using an estimated price of £382,206 means this house is valued at £2,344 per sq meter (£217 per sq foot).
The average size of a house on KING OSWALD DRIVE is 118 sq meters (1,277 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Surtees Haugh |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hadrian Drive |
May 2024 | Public order | Under investigation | On or near St Hildas Place |
May 2024 | Anti-social behaviour | On or near St Hildas Place | |
May 2024 | Anti-social behaviour | On or near St Hildas Place |