£405,377
This estimated value is based upon the latest sale price for the house of £286,000 on 30 Oct 2015. 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 Kelso Drive
More crime details
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| Price Paid | Date |
|---|---|
| £286,000 | 30 Oct 2015 |
| £227,500 | 13 Jun 2003 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2015 the House Price Index for TYNE AND WEAR was 105.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 41.740%.Applying this 41.740% change to the original purchase price of £286,000 results in an estimated price of approximately £405,377.
| 30 Oct 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 149.7 | 41.740 % | £286,000 | £119,377 | £405,377 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 3.047 % | £8,713 | £294,713 |
| 3 Month Average | 42.116 % | £120,451 | £406,451 |
| 6 Month Average | 32.069 % | £91,718 | £377,718 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £324,986 | £315,000 | 87 ABBOTS WAY |
| 29 Sep 2023 | £368,064 | £359,950 | 174 ABBOTS WAY |
| 15 Sep 2023 | £485,707 | £475,000 | 140 ABBOTS WAY |
| 28 Feb 2023 | £302,017 | £300,000 | 94 ABBOTS WAY |
| 17 Feb 2023 | £453,026 | £450,000 | 2 DRYBURGH CLOSE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 19 Mar 2010. Using an estimated price of £405,377 means this house is valued at £4,825 per sq meter (£448 per sq foot).
The average size of a house on ABBOTS WAY is 115 sq meters (1,238 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Kelso Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Kelso Drive |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Kelso Drive |
| Jul 2024 | Anti-social behaviour | On or near Kelso Drive | |
| Jul 2024 | Anti-social behaviour | On or near Kelso Drive |