£320,062
This estimated value is based upon the latest sale price for the house of £280,000 on 15 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £280,000 | 15 Dec 2020 |
| Detached |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £280,000 results in an estimated price of approximately £320,062.
| 15 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £280,000 | £40,062 | £320,062 |
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 | -43.976 % | £-123,132 | £156,867 |
| 3 Month Average | -16.774 % | £-46,966 | £233,033 |
| 6 Month Average | 1.547 % | £4,331 | £284,331 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £168,159 | £166,000 | 6 ASHGILL MEWS |
| 24 Mar 2023 | £287,554 | £286,000 | 20 STONEFOLD CLOSE |
| 28 Feb 2022 | £105,699 | £101,200 | 10 LAMPETER CLOSE |
| 15 Dec 2020 | £320,062 | £280,000 | 15 BERRINGTON DRIVE |
| 9 Oct 2020 | £78,863 | £67,500 | 3 CAERNARVON CLOSE |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 26 Jan 2016. Using an estimated price of £320,062 means this house is valued at £2,269 per sq meter (£210 per sq foot).
The average size of a house on BERRINGTON DRIVE is 104 sq meters (1,129 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Berrington Drive |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thirlington Close |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Ashgill Mews |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ashgill Mews |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Ashgill Mews |