£316,123
This estimated value is based upon the latest sale price for the house of £215,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £215,000 | 15 May 2015 |
| £90,995 | 25 Sep 1997 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,420 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 May 2015 the House Price Index for TYNE AND WEAR was 101.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £215,000 results in an estimated price of approximately £316,123.
| 15 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 149.7 | 47.034 % | £215,000 | £101,123 | £316,123 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -10.672 % | £-22,945 | £192,054 |
| 3 Month Average | 29.134 % | £62,638 | £277,638 |
| 6 Month Average | 31.369 % | £67,443 | £282,443 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2022 | £198,347 | £190,000 | 5 BISHOPS DRIVE |
| 9 Mar 2022 | £407,134 | £390,000 | 23 CONWAY CLOSE |
| 9 Mar 2022 | £302,741 | £290,000 | 3 BISHOPS DRIVE |
| 20 Oct 2021 | £189,494 | £170,000 | 14 SANDERLING CLOSE |
| 20 Aug 2021 | £223,651 | £199,000 | 31 CONWAY CLOSE |
This house has a floor area of 132 sq meters or 1,420 sq feet when measured on 24 Feb 2014. Using an estimated price of £316,124 means this house is valued at £2,394 per sq meter (£222 per sq foot).
The average size of a house on BISHOPS DRIVE is 111 sq meters (1,198 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Conway Close |
| May 2024 | Other crime | Investigation complete; no suspect identified | On or near Conway Close |
| Jun 2024 | Anti-social behaviour | On or near Leslie Close | |
| Jun 2024 | Anti-social behaviour | On or near Leslie Close | |
| Jun 2024 | Anti-social behaviour | On or near Leslie Close |