£371,886
This estimated value is based upon the latest sale price for the house of £230,000 on 18 Dec 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £230,000 | 18 Dec 2013 |
| £124,950 | 19 Nov 1999 |
| £125,000 | 26 Feb 1999 |
| Detached |
| Freehold |
| Floor Area: 118 sq meters or 1,270 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 2013 the House Price Index for TYNE AND WEAR was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £230,000 results in an estimated price of approximately £371,886.
| 18 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 149.7 | 61.690 % | £230,000 | £141,886 | £371,886 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 17.950 % | £41,284 | £271,284 |
| 3 Month Average | 18.326 % | £42,150 | £272,150 |
| 6 Month Average | 4.495 % | £10,338 | £240,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £150,000 | £150,000 | 3 MONKSWOOD SQUARE |
| 31 May 2024 | £180,000 | £180,000 | 6 CLOSEBURN SQUARE |
| 8 Dec 2023 | £242,398 | £234,950 | 23 RUSWARP DRIVE |
| 8 Dec 2023 | £190,865 | £185,000 | 34 RUSWARP DRIVE |
| 2 Aug 2022 | £152,714 | £152,000 | 17 CLOSEBURN SQUARE |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 22 Mar 2013. Using an estimated price of £371,887 means this house is valued at £3,151 per sq meter (£292 per sq foot).
The average size of a house on RUSWARP DRIVE is 120 sq meters (1,292 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Closeburn Square |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Pembroke Avenue |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woburn Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lawnhead Square |
| Jun 2024 | Anti-social behaviour | On or near Lawnhead Square |