£129,997
This estimated value is based upon the latest sale price for the house of £128,000 on 8 Mar 2024. 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 Severn Drive
More crime details
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| Price Paid | Date |
|---|---|
| £128,000 | 8 Mar 2024 |
| Semi-Detached |
| Freehold |
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 March 2024 the House Price Index for TYNE AND WEAR was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £128,000 results in an estimated price of approximately £129,997.
| 8 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £128,000 | £1,997 | £129,997 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 37.221 % | £47,642 | £175,642 |
| 3 Month Average | -8.720 % | £-11,161 | £116,838 |
| 6 Month Average | -6.001 % | £-7,681 | £120,318 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Mar 2024 | £91,354 | £89,950 | 96 PRIMROSE TERRACE |
| 8 Mar 2024 | £129,997 | £128,000 | 2 LEA AVENUE |
| 19 Dec 2023 | £131,542 | £127,500 | 3 GLENSIDE |
| 6 Oct 2023 | £120,231 | £117,500 | 8 EDEN WALK |
| 4 Aug 2023 | £88,598 | £87,000 | 7 DOVE AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Drugs | Under investigation | On or near Severn Drive |
| Jul 2024 | Anti-social behaviour | On or near Severn Drive | |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Severn Drive |
| Jun 2024 | Other crime | Under investigation | On or near Severn Drive |
| Apr 2024 | Drugs | Under investigation | On or near Severn Drive |