£338,028
This estimated value is based upon the latest sale price for the house of £260,000 on 20 Feb 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near A167
More crime details
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| Price Paid | Date |
|---|---|
| £260,000 | 20 Feb 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 104 sq meters or 1,119 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 February 2017 the House Price Index for TYNE AND WEAR was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £260,000 results in an estimated price of approximately £338,028.
| 20 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £260,000 | £78,028 | £338,028 |
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 | 3.919 % | £10,188 | £270,188 |
| 3 Month Average | 16.248 % | £42,244 | £302,244 |
| 6 Month Average | 18.854 % | £49,020 | £309,020 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £236,640 | £232,500 | 13A CHESTERS PARK |
| 24 Nov 2023 | £361,350 | £356,000 | 14 HEATHFIELD PLACE |
| 30 Sep 2022 | £376,956 | £380,000 | 25 HEATHFIELD PLACE |
| 16 Sep 2020 | £742,113 | £625,000 | 37 HEATHFIELD PLACE |
| 17 Jul 2020 | £327,996 | £271,250 | 16 CHESTERS PARK |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 26 Jun 2014. Using an estimated price of £338,029 means this house is valued at £3,250 per sq meter (£301 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near A167 |
| Apr 2024 | Burglary | Under investigation | On or near A167 |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Musgrave Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Musgrave Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clifton Gardens |