£138,245
This estimated value is based upon the latest sale price for the house of £50,000 on 18 Jul 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £50,000 | 18 Jul 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 880 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 2002 the House Price Index for TYNE AND WEAR was 53.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 176.491%.Applying this 176.491% change to the original purchase price of £50,000 results in an estimated price of approximately £138,245.
| 18 Jul 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 146.7 | 176.491 % | £50,000 | £88,245 | £138,245 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 59.747 % | £29,873 | £79,873 |
| 3 Month Average | 93.545 % | £46,772 | £96,772 |
| 6 Month Average | 138.566 % | £69,282 | £119,282 |
This house has a floor area of 81 sq meters or 880 sq feet when measured on 18 Jun 2010.
The average size of a house on LANARK DRIVE is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Skye Grove |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Skye Grove |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lanark Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lanark Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lanark Drive |