£152,200
This estimated value is based upon the latest sale price for the house of £125,000 on 12 Jul 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 |
|---|---|
| £125,000 | 12 Jul 2019 |
| £129,000 | 5 May 2017 |
| £127,000 | 5 Apr 2007 |
| £129,000 | 12 May 2006 |
| £87,100 | 10 Dec 2004 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.760%.Applying this 21.760% change to the original purchase price of £125,000 results in an estimated price of approximately £152,200.
| 12 Jul 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.760 % | £125,000 | £27,200 | £152,200 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -48.015 % | £-60,018 | £64,981 |
| 3 Month Average | -18.059 % | £-22,574 | £102,425 |
| 6 Month Average | 8.064 % | £10,080 | £135,080 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 22 Aug 2016.
There is one other house on the street which we know the size of, this is 9 HERON DRIVE it is 76.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Heron Drive |
| Mar 2024 | Anti-social behaviour | On or near Wellington Drive | |
| Mar 2024 | Other theft | Under investigation | On or near Wellington Drive |
| Mar 2024 | Anti-social behaviour | On or near Wellington Drive | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wellington Drive |