£174,988
This estimated value is based upon the latest sale price for the house of £110,000 on 21 Jan 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 |
|---|---|
| £110,000 | 21 Jan 2014 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 January 2014 the House Price Index for TYNE AND WEAR was 93.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 59.080%.Applying this 59.080% change to the original purchase price of £110,000 results in an estimated price of approximately £174,988.
| 21 Jan 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.0 | 59.080 % | £110,000 | £64,988 | £174,988 |
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 | -46.038 % | £-50,641 | £59,358 |
| 3 Month Average | 6.964 % | £7,660 | £117,660 |
| 6 Month Average | 9.627 % | £10,589 | £120,589 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £151,900 | £149,950 | 16 PLUMTREE AVENUE |
| 10 Jul 2023 | £126,194 | £125,000 | 52 PLUMTREE AVENUE |
| 16 Jan 2023 | £109,042 | £110,000 | 58 PLUMTREE AVENUE |
| 31 Oct 2022 | £137,949 | £140,000 | 22 RIBBLE ROAD |
| 15 Jul 2022 | £199,730 | £200,000 | 14 HOWLEY AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 29 Mar 2013. Using an estimated price of £174,988 means this house is valued at £2,573 per sq meter (£239 per sq foot).
The average size of a house on SPA WELL DRIVE is 91 sq meters (983 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bowburn Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Spa Well Drive |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Spa Well Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Howley Avenue |
| Apr 2024 | Violence and sexual offences | Offender given a caution | On or near Stockley Avenue |