£177,010
This estimated value is based upon the latest sale price for the house of £121,000 on 26 Jun 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £121,000 | 26 Jun 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 June 2015 the House Price Index for TYNE AND WEAR was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £121,000 results in an estimated price of approximately £177,010.
| 26 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £121,000 | £56,010 | £177,010 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -23.492 % | £-28,425 | £92,574 |
| 3 Month Average | -7.757 % | £-9,386 | £111,613 |
| 6 Month Average | -0.390 % | £-471 | £120,528 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £182,809 | £180,000 | 51 ABERFORD DRIVE |
| 30 Nov 2023 | £135,951 | £132,500 | 12 ABERFORD DRIVE |
| 20 Oct 2023 | £389,854 | £381,000 | 54 TRINITY PARK |
| 29 Aug 2023 | £67,212 | £66,000 | 13 BLOSSOM GROVE |
| 12 Jan 2023 | £275,737 | £275,000 | 44 ABERFORD DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 17 Feb 2015. Using an estimated price of £177,011 means this house is valued at £2,458 per sq meter (£228 per sq foot).
The average size of a house on SUCCESS ROAD is 124 sq meters (1,341 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Success Road | |
| Jun 2024 | Other crime | Under investigation | On or near Trinity Park |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Trinity Park |
| Jul 2024 | Anti-social behaviour | On or near Fowler Close | |
| Jun 2024 | Anti-social behaviour | On or near Goodrich Close |