£115,887
This estimated value is based upon the latest sale price for the house of £70,000 on 25 Nov 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 25 Nov 2006 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.554%.Applying this 65.554% change to the original purchase price of £70,000 results in an estimated price of approximately £115,887.
| 25 Nov 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 146.7 | 65.554 % | £70,000 | £45,887 | £115,887 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 18.587 % | £13,010 | £83,010 |
| 3 Month Average | 11.281 % | £7,896 | £77,896 |
| 6 Month Average | 22.117 % | £15,481 | £85,481 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 11 Sep 2019.
The average size of a house on SOMERSBY DRIVE is 125 sq meters (1,354 sq feet).
This house is the smallest in the street with a floor area of 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somersby Drive |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Somersby Drive |
| Feb 2024 | Public order | Under investigation | On or near Kirkwood Drive |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Trowbridge Way |
| Dec 2023 | Other crime | Under investigation | On or near Colgrove Place |