£106,126
This estimated value is based upon the latest sale price for the house of £104,000 on 9 Jun 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £104,000 | 9 Jun 2023 |
| £115,100 | 9 Jan 2007 |
| £65,000 | 28 Jun 2002 |
| £40,500 | 3 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 519 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 2023 the House Price Index for TYNE AND WEAR was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £104,000 results in an estimated price of approximately £106,126.
| 9 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £104,000 | £2,126 | £106,126 |
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 | 11.137 % | £11,582 | £115,582 |
| 3 Month Average | -5.196 % | £-5,403 | £98,596 |
| 6 Month Average | -6.052 % | £-6,294 | £97,705 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jun 2023 | £106,127 | £104,000 | 1 EARLS DRIVE |
| 30 Mar 2023 | £96,613 | £95,000 | 40 FORSTER COURT |
| 17 Mar 2023 | £106,783 | £105,000 | 21 FORSTER COURT |
| 16 Feb 2023 | £159,063 | £158,000 | 18 EARLS DRIVE |
| 27 May 2022 | £273,783 | £266,650 | 19 CEDAR CRESCENT |
This house has a floor area of 48 sq meters or 519 sq feet when measured on 11 Nov 2009. Using an estimated price of £106,127 means this house is valued at £2,199 per sq meter (£204 per sq foot).
The average size of a house on EARLS DRIVE is 90 sq meters (972 sq feet).
This house is the smallest in the street with a floor area of 48 sq meters (519 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Earls Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Glenbrooke Terrace |
| Aug 2024 | Burglary | Suspect charged as part of another case | On or near Well Lane |
| Jul 2024 | Burglary | Suspect charged as part of another case | On or near Well Lane |
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Well Lane |