£522,708
This estimated value is based upon the latest sale price for the house of £91,000 on 4 Aug 1995. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £91,000 | 4 Aug 1995 |
| Detached |
| Freehold |
| Floor Area: 236 sq meters or 2,540 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 1995 the House Price Index for TYNE AND WEAR was 26.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 474.405%.Applying this 474.405% change to the original purchase price of £91,000 results in an estimated price of approximately £522,708.
| 4 Aug 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.1 | 149.7 | 474.405 % | £91,000 | £431,708 | £522,708 |
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 | 179.999 % | £163,799 | £254,799 |
| 3 Month Average | 210.894 % | £191,913 | £282,913 |
| 6 Month Average | 240.487 % | £218,843 | £309,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £200,079 | £195,000 | 5 THE WAREHOUSE WELL LANE |
| 27 Jun 2023 | £86,738 | £85,000 | 537 DURHAM ROAD |
| 27 Jun 2023 | £153,067 | £150,000 | 541 - 543 DURHAM ROAD |
| 22 Jun 2023 | £413,282 | £405,000 | 482 DURHAM ROAD |
| 9 Feb 2023 | £166,110 | £165,000 | 503 DURHAM ROAD |
This house has a floor area of 236 sq meters or 2,540 sq feet when measured on 30 Apr 2017. Using an estimated price of £522,709 means this house is valued at £2,214 per sq meter (£205 per sq foot).
The average size of a house on ALBERT DRIVE is 167 sq meters (1,800 sq feet).
This house is the largest in the street with a floor area of 236 sq meters (2,540 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Durham Road |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Road |
| Jun 2024 | Anti-social behaviour | On or near Durham Road | |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |