£272,568
This estimated value is based upon the latest sale price for the house of £175,000 on 23 May 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 23 May 2014 |
| £69,500 | 26 May 2000 |
| Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 May 2014 the House Price Index for TYNE AND WEAR was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £175,000 results in an estimated price of approximately £272,568.
| 23 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £175,000 | £97,568 | £272,568 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 16.002 % | £28,004 | £203,004 |
| 3 Month Average | 22.560 % | £39,479 | £214,479 |
| 6 Month Average | 10.451 % | £18,289 | £193,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £208,907 | £205,000 | 12 CRAKE WAY |
| 28 Feb 2023 | £121,814 | £121,000 | 26 CRAKE WAY |
| 28 Feb 2023 | £97,652 | £97,000 | 17 DUNNOCK DRIVE |
| 19 Aug 2022 | £205,963 | £205,000 | 21 MARTIN COURT |
| 5 Aug 2022 | £178,836 | £178,000 | 16 CRAKE WAY |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 17 Apr 2014. Using an estimated price of £272,568 means this house is valued at £4,619 per sq meter (£429 per sq foot).
The average size of a house on MARTIN COURT is 86 sq meters (932 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other crime | Under investigation | On or near Dunnock Drive |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Dunnock Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crake Way |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Crake Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Sandpiper Close |