£86,523
This estimated value is based upon the latest sale price for the house of £70,000 on 26 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 |
|---|---|
| £70,000 | 26 Sep 2019 |
| £66,000 | 4 May 2018 |
| £48,000 | 31 May 2002 |
| £40,500 | 16 Oct 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 521 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 £70,000 results in an estimated price of approximately £86,523.
| 26 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £70,000 | £16,523 | £86,523 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -5.663 % | £-3,964 | £66,035 |
| 3 Month Average | 37.650 % | £26,355 | £96,355 |
| 6 Month Average | 4.953 % | £3,467 | £73,467 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £80,545 | £78,500 | 10 DRUMALDRACE |
| 10 Nov 2023 | £186,740 | £182,000 | 5 WHERNSIDE CLOSE |
| 25 Aug 2023 | £73,832 | £72,500 | 59 THIRLMOOR |
| 28 Apr 2023 | £157,903 | £154,950 | 3 EMBLEHOPE |
| 24 Feb 2023 | £110,740 | £110,000 | 5 EMBLEHOPE |
This house has a floor area of 48 sq meters or 521 sq feet when measured on 15 Feb 2010. Using an estimated price of £86,523 means this house is valued at £1,785 per sq meter (£165 per sq foot).
The average size of a house on DRUMALDRACE is 53 sq meters (577 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rogan Avenue |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Emblehope |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Emblehope |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Emblehope |
| Sep 2024 | Vehicle crime | Under investigation | On or near Emblehope |