£183,039
This estimated value is based upon the latest sale price for the house of £95,000 on 24 Aug 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £95,000 | 24 Aug 2004 |
| Semi-Detached |
| Freehold |
| 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 August 2004 the House Price Index for TYNE AND WEAR was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £95,000 results in an estimated price of approximately £183,039.
| 24 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £95,000 | £88,039 | £183,039 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 13.780 % | £13,090 | £108,090 |
| 3 Month Average | 33.295 % | £31,630 | £126,630 |
| 6 Month Average | 54.070 % | £51,366 | £146,366 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £116,410 | £115,000 | 3 DRURY LANE |
| 24 Mar 2023 | £156,474 | £155,000 | 63 WOOLSINGTON ROAD |
| 22 Jul 2022 | £130,351 | £130,000 | 21 DRURY LANE |
| 8 Apr 2022 | £140,053 | £136,000 | 98 NORHAM ROAD NORTH |
| 21 Jan 2022 | £199,958 | £190,000 | 4 MOOR PARK COURT |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 16 Jan 2009. Using an estimated price of £183,039 means this house is valued at £2,103 per sq meter (£195 per sq foot).
The average size of a house on WOOLSINGTON ROAD is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Moor Park Court |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Darras Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Darras Drive |
| Apr 2024 | Drugs | Under investigation | On or near Darras Drive |
| Apr 2024 | Public order | Under investigation | On or near Darras Drive |