£175,453
This estimated value is based upon the latest sale price for the house of £170,000 on 9 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 |
|---|---|
| £170,000 | 9 Mar 2022 |
| £164,995 | 9 Mar 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 Apr 2024 is 148.0 which is a change of 3.208%.Applying this 3.208% change to the original purchase price of £170,000 results in an estimated price of approximately £175,453.
| 9 Mar 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.0 | 3.208 % | £170,000 | £5,453 | £175,453 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -38.374 % | £-65,235 | £104,764 |
| 3 Month Average | -11.107 % | £-18,881 | £151,118 |
| 6 Month Average | 7.969 % | £13,548 | £183,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £178,375 | £175,000 | 3 ELDER GROVE |
| 1 Dec 2023 | £173,278 | £170,000 | 12 BLACKTHORN CLOSE |
| 29 Nov 2023 | £188,419 | £186,000 | 12 ELDER GROVE |
| 31 Jul 2023 | £169,604 | £168,000 | 54 MAGNOLIA DRIVE |
| 27 Jul 2023 | £189,795 | £188,000 | 1 ROWAN WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 22 Feb 2018. Using an estimated price of £175,453 means this house is valued at £2,308 per sq meter (£214 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Magnolia Drive | |
| Mar 2024 | Anti-social behaviour | On or near Magnolia Drive | |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Rowan Way |
| Apr 2024 | Anti-social behaviour | On or near Rowan Way | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Blackthorn Close |