£172,308
This estimated value is based upon the latest sale price for the house of £137,500 on 8 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £137,500 | 8 Jun 2018 |
| £120,000 | 16 Dec 2005 |
| £120,000 | 21 Oct 2005 |
| £64,950 | 14 Dec 2001 |
| £49,000 | 4 Jul 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £137,500 results in an estimated price of approximately £172,308.
| 8 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £137,500 | £34,808 | £172,308 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -21.292 % | £-29,276 | £108,223 |
| 3 Month Average | 22.030 % | £30,291 | £167,791 |
| 6 Month Average | 13.903 % | £19,116 | £156,616 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Oct 2023 | £95,673 | £93,500 | 14 LANERCOST AVENUE |
| 16 Jun 2023 | £252,051 | £247,000 | 3 STELLA HALL DRIVE |
| 19 Aug 2022 | £110,517 | £110,000 | 87 DERWENT WATER DRIVE |
| 15 Jul 2022 | £217,176 | £215,000 | 5 STELLA HALL DRIVE |
| 7 Jun 2022 | £475,157 | £465,000 | STELLA HOLME, 1 SUMMERHILL |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 27 Apr 2017. Using an estimated price of £172,308 means this house is valued at £2,824 per sq meter (£262 per sq foot).
The average size of a house on SUMMERHILL is 139 sq meters (1,501 sq feet).
This house is the smallest in the street with a floor area of 61 sq meters (656 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stella Road |
| May 2024 | Drugs | Investigation complete; no suspect identified | On or near Stella Road |