£72,987
This estimated value is based upon the latest sale price for the house of £72,500 on 17 Feb 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £72,500 | 17 Feb 2023 |
| £44,500 | 7 Sep 2001 |
| £40,000 | 13 Nov 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 3 sq meters or 32 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 February 2023 the House Price Index for TYNE AND WEAR was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £72,500 results in an estimated price of approximately £72,987.
| 17 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £72,500 | £487 | £72,987 |
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 | -11.704 % | £-8,485 | £64,014 |
| 3 Month Average | 16.304 % | £11,820 | £84,320 |
| 6 Month Average | -7.284 % | £-5,281 | £67,218 |
| 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 3 sq meters or 32 sq feet when measured on 2 Jul 2010. Using an estimated price of £72,988 means this house is valued at £24,329 per sq meter (£2,260 per sq foot).
The average size of a house on DRUMALDRACE is 53 sq meters (577 sq feet).
This house is the smallest in the street with a floor area of 3 sq meters (32 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 |