£79,792
This estimated value is based upon the latest sale price for the house of £77,000 on 18 Mar 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £77,000 | 18 Mar 2022 |
| £46,950 | 10 Nov 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 2022 the House Price Index for TYNE AND WEAR was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £77,000 results in an estimated price of approximately £79,792.
| 18 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £77,000 | £2,792 | £79,792 |
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 | 44.217 % | £34,046 | £111,046 |
| 3 Month Average | 18.017 % | £13,873 | £90,873 |
| 6 Month Average | 3.278 % | £2,523 | £79,523 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £91,352 | £90,000 | 11 THE OLD BREWERY DURHAM ROAD |
| 7 Jul 2023 | £70,955 | £70,000 | 26 THE OLD BREWERY DURHAM ROAD |
| 20 Jun 2023 | £74,401 | £73,500 | 19 THE OLD BREWERY DURHAM ROAD |
| 17 Feb 2023 | £88,940 | £89,000 | 18 THE OLD BREWERY DURHAM ROAD |
| 29 Apr 2022 | £154,470 | £150,000 | 51 LONGLANDS DRIVE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 22 Jan 2019. Using an estimated price of £79,792 means this house is valued at £1,399 per sq meter (£130 per sq foot).
The average size of a house on DURHAM ROAD is 77 sq meters (839 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near The Broadway |
| Mar 2024 | Public order | Under investigation | On or near The Broadway |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near The Broadway |