£378,732
This estimated value is based upon the latest sale price for the house of £245,000 on 20 Dec 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Warwick Drive
More crime details
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Price Paid | Date |
---|---|
£245,000 | 20 Dec 2007 |
Detached |
Freehold |
Floor Area: 136 sq meters or 1,469 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 December 2007 the House Price Index for TYNE AND WEAR was 95.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 54.585%.Applying this 54.585% change to the original purchase price of £245,000 results in an estimated price of approximately £378,732.
20 Dec 2007 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.7 | 148.0 | 54.585 % | £245,000 | £133,732 | £378,732 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -31.014 % | £-75,985 | £169,014 |
3 Month Average | -16.244 % | £-39,797 | £205,202 |
6 Month Average | -14.566 % | £-35,686 | £209,313 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £506,502 | £500,000 | MELROSE WARWICK DRIVE |
7 Aug 2023 | £301,835 | £300,000 | LANGDALES GILLAS LANE WEST |
30 Jan 2023 | £178,433 | £180,000 | 21 BRADLEY AVENUE |
22 Jul 2022 | £319,568 | £320,000 | 19 GILLAS LANE WEST |
13 Apr 2022 | £158,974 | £155,000 | 16 WINDSOR DRIVE |
This house has a floor area of 136 sq meters or 1,469 sq feet when measured on 3 Aug 2010. Using an estimated price of £378,732 means this house is valued at £2,774 per sq meter (£257 per sq foot).
The average size of a house on WARWICK DRIVE is 216 sq meters (2,326 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Under investigation | On or near Warwick Drive |
Apr 2024 | Other crime | Under investigation | On or near Gillas Lane West |
Mar 2024 | Anti-social behaviour | On or near Gillas Lane West | |
Mar 2024 | Anti-social behaviour | On or near Gillas Lane West | |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Hetton Road |