£265,743
This estimated value is based upon the latest sale price for the house of £214,995 on 27 Sep 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£214,995 | 27 Sep 2019 |
Semi-Detached |
Freehold |
Floor Area: 85 sq meters or 914 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £214,995 results in an estimated price of approximately £265,743.
27 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.605 % | £214,995 | £50,748 | £265,743 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 172.706 % | £371,308 | £586,303 |
3 Month Average | 22.493 % | £48,359 | £263,354 |
6 Month Average | -10.767 % | £-23,147 | £191,847 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £383,329 | £380,000 | 85 HOLMES DRIVE |
15 Aug 2023 | £361,520 | £355,000 | 11 WOLLASTON WAY |
6 Apr 2023 | £387,243 | £380,000 | 21 BRUCE DRIVE |
24 Feb 2023 | £216,446 | £215,000 | 17 BRUCE DRIVE |
21 Oct 2022 | £212,291 | £213,000 | 15 BRUCE DRIVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 22 Aug 2019. Using an estimated price of £265,744 means this house is valued at £3,126 per sq meter (£290 per sq foot).
The average size of a house on WOLLASTON WAY is 107 sq meters (1,155 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wollaston Way |
Jun 2024 | Anti-social behaviour | On or near Wollaston Way | |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wollaston Way |
Jun 2024 | Anti-social behaviour | On or near Wollaston Way | |
Apr 2024 | Other crime | Under investigation | On or near Wollaston Way |