£120,317
This estimated value is based upon the latest sale price for the house of £70,000 on 19 Apr 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £70,000 | 19 Apr 2012 |
| Flats/Maisonettes |
| Leasehold |
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 April 2012 the House Price Index for TYNE AND WEAR was 87.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.883%.Applying this 71.883% change to the original purchase price of £70,000 results in an estimated price of approximately £120,317.
| 19 Apr 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 149.7 | 71.883 % | £70,000 | £50,317 | £120,317 |
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 | 3.952 % | £2,766 | £72,766 |
| 3 Month Average | 55.574 % | £38,902 | £108,902 |
| 6 Month Average | 43.063 % | £30,143 | £100,143 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £192,896 | £188,000 | 3 DAWLISH CLOSE |
| 16 Oct 2023 | £100,278 | £98,000 | 18 DAWLISH CLOSE |
| 29 Sep 2023 | £368,064 | £359,950 | 174 ABBOTS WAY |
| 21 Sep 2023 | £139,066 | £136,000 | 62 MORWICK ROAD |
| 15 Sep 2023 | £485,707 | £475,000 | 140 ABBOTS WAY |
| 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 | Anti-social behaviour | On or near Kelso Drive | |
| Jul 2024 | Anti-social behaviour | On or near Kelso Drive | |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kelso Drive |