£356,196
This estimated value is based upon the latest sale price for the house of £267,500 on 12 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £267,500 | 12 Jul 2016 |
| Detached |
| Leasehold |
| Floor Area: 156 sq meters or 1,679 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £267,500 results in an estimated price of approximately £356,196.
| 12 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £267,500 | £88,696 | £356,196 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 5.601 % | £14,981 | £282,481 |
| 3 Month Average | 0.671 % | £1,794 | £269,294 |
| 6 Month Average | 27.955 % | £74,779 | £342,279 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £208,081 | £205,000 | 41 ASHDALE CRESCENT |
| 27 Jan 2023 | £223,173 | £224,224 | 1 HILLHEAD ROAD |
| 11 Jul 2022 | £186,502 | £186,000 | 14 ABBOTSIDE PLACE |
| 28 Jun 2022 | £182,580 | £180,000 | 22 HILLHEAD ROAD |
| 17 Jun 2022 | £154,686 | £152,500 | 88 WESTERN AVENUE |
This house has a floor area of 156 sq meters or 1,679 sq feet when measured on 31 Mar 2015. Using an estimated price of £356,197 means this house is valued at £2,283 per sq meter (£212 per sq foot).
The average size of a house on CHAPEL HOUSE DRIVE is 87 sq meters (944 sq feet).
This house is the largest in the street with a floor area of 156 sq meters (1,679 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ashdale Crescent |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Abbotside Place |