£328,665
This estimated value is based upon the latest sale price for the house of £305,000 on 28 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £305,000 | 28 Sep 2021 |
| £168,000 | 2 Nov 2010 |
| £84,950 | 28 Aug 2001 |
| £67,950 | 6 Dec 1996 |
| £60,000 | 28 Apr 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £305,000 results in an estimated price of approximately £328,665.
| 28 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £305,000 | £23,665 | £328,665 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 29.977 % | £91,429 | £396,429 |
| 3 Month Average | 5.651 % | £17,234 | £322,234 |
| 6 Month Average | -10.659 % | £-32,508 | £272,491 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £223,306 | £220,000 | 16 BLANCHLAND DRIVE |
| 29 Sep 2023 | £268,432 | £265,000 | 22 SHOTLEY AVENUE |
| 7 Sep 2023 | £222,799 | £219,950 | 24 BROOMSHIELDS CLOSE |
| 16 Jun 2023 | £232,770 | £229,950 | 6 BROOMSHIELDS CLOSE |
| 28 Feb 2022 | £249,065 | £237,500 | 22 BROOMSHIELDS AVENUE |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 21 Jun 2021. Using an estimated price of £328,666 means this house is valued at £2,381 per sq meter (£221 per sq foot).
The average size of a house on BURNHOPE DRIVE is 114 sq meters (1,227 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Jan 2024 | Anti-social behaviour | On or near Burnhope Drive | |
| Mar 2024 | Burglary | Under investigation | On or near Broomshields Avenue |