£312,606
This estimated value is based upon the latest sale price for the house of £236,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£236,000 | 28 Oct 2016 |
£164,000 | 29 Jun 2012 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 October 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £236,000 results in an estimated price of approximately £312,606.
28 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £236,000 | £76,606 | £312,606 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 33.741 % | £79,629 | £315,629 |
3 Month Average | 22.548 % | £53,214 | £289,214 |
6 Month Average | 23.533 % | £55,537 | £291,537 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £211,704 | £208,000 | 24 FRANKLAND DRIVE |
10 Jul 2023 | £304,093 | £300,000 | 21 BURNT HOUSE ROAD |
30 Mar 2023 | £323,043 | £320,000 | 1 BEAMISH COURT |
5 Aug 2022 | £324,128 | £325,000 | 8 BURNT HOUSE ROAD |
10 Jun 2022 | £330,673 | £326,000 | 20 CHATSWORTH GARDENS |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 27 Apr 2012. Using an estimated price of £312,607 means this house is valued at £3,552 per sq meter (£330 per sq foot).
The average size of a house on FRANKLAND DRIVE is 118 sq meters (1,273 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Violence and sexual offences | Under investigation | On or near Frankland Drive |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Chatsworth Gardens |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Cresswell Close |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Cresswell Close |
Mar 2024 | Other crime | Under investigation | On or near Cambo Avenue |