£176,632
This estimated value is based upon the latest sale price for the house of £145,000 on 3 Jul 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 3 Jul 2020 |
| £100,000 | 24 Mar 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 2020 the House Price Index for TYNE AND WEAR was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £145,000 results in an estimated price of approximately £176,632.
| 3 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £145,000 | £31,632 | £176,632 |
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 | 55.774 % | £80,871 | £225,871 |
| 3 Month Average | 50.851 % | £73,733 | £218,733 |
| 6 Month Average | 36.954 % | £53,582 | £198,582 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £146,270 | £145,000 | 36 CHILHAM COURT |
| 29 Sep 2023 | £153,381 | £150,000 | 69 DEREHAM WAY |
| 25 Sep 2023 | £138,043 | £135,000 | 7 EWEN COURT |
| 3 Aug 2023 | £356,429 | £350,000 | UNIT 4 ELM ROAD |
| 2 Jun 2023 | £118,882 | £116,500 | 47 WYNDHAM WAY |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 30 Jun 2017. Using an estimated price of £176,632 means this house is valued at £2,128 per sq meter (£197 per sq foot).
The average size of a house on DEREHAM WAY is 90 sq meters (971 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ewen Court |
| Aug 2024 | Anti-social behaviour | On or near Dereham Way | |
| Aug 2024 | Anti-social behaviour | On or near Dereham Way | |
| Aug 2024 | Anti-social behaviour | On or near Dereham Way | |
| Aug 2024 | Anti-social behaviour | On or near Dereham Way |