£155,113
This estimated value is based upon the latest sale price for the house of £33,000 on 24 Aug 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £33,000 | 24 Aug 1998 |
| £31,950 | 2 Jun 1995 |
| Terraced |
| Freehold |
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 August 1998 the House Price Index for TYNE AND WEAR was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.042%.Applying this 370.042% change to the original purchase price of £33,000 results in an estimated price of approximately £155,113.
| 24 Aug 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 149.7 | 370.042 % | £33,000 | £122,113 | £155,113 |
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 | 96.964 % | £31,997 | £64,997 |
| 3 Month Average | 155.843 % | £51,428 | £84,428 |
| 6 Month Average | 161.752 % | £53,378 | £86,378 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £70,613 | £70,000 | 251 DEAN ROAD |
| 14 Dec 2023 | £144,438 | £140,000 | 450 DEAN ROAD |
| 18 Oct 2023 | £127,905 | £125,000 | 8 COVERDALE WALK |
| 13 Oct 2023 | £51,162 | £50,000 | 535 JOHN WILLIAMSON STREET |
| 22 Sep 2023 | £51,127 | £50,000 | 341 DEAN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Under investigation | On or near Wharfedale Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wharfedale Drive |