£423,021
This estimated value is based upon the latest sale price for the house of £425,000 on 16 Nov 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 |
|---|---|
| £425,000 | 16 Nov 2022 |
| £280,000 | 21 Jul 2003 |
| Detached |
| Leasehold |
| Floor Area: 130 sq meters or 1,399 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 November 2022 the House Price Index for TYNE AND WEAR was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £425,000 results in an estimated price of approximately £423,021.
| 16 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £425,000 | £-1,978 | £423,021 |
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 | -16.952 % | £-72,045 | £352,954 |
| 3 Month Average | -2.828 % | £-12,018 | £412,981 |
| 6 Month Average | -3.529 % | £-14,999 | £410,000 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2022 | £423,022 | £425,000 | 2 ABBEY DRIVE |
| 28 Jun 2022 | £408,737 | £400,000 | 11 ASHFORD GROVE |
| 20 May 2022 | £472,304 | £460,000 | 10 AMESBURY CLOSE |
| 2 Dec 2021 | £512,671 | £475,000 | 16 NORTHUMBERLAND GARDENS |
| 25 Nov 2021 | £368,258 | £338,000 | 9 ALCROFT CLOSE |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 12 Dec 2012. Using an estimated price of £423,022 means this house is valued at £3,254 per sq meter (£302 per sq foot).
The average size of a house on ABBEY DRIVE is 146 sq meters (1,577 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Aylsham Close |
| Sep 2024 | Anti-social behaviour | On or near Aylsham Close | |
| Sep 2024 | Anti-social behaviour | On or near Aylsham Close | |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Deansfield Grove |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cardinal Close |