£325,653
This estimated value is based upon the latest sale price for the house of £270,000 on 5 Jun 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £270,000 | 5 Jun 2020 |
| £240,000 | 7 Jan 2013 |
| £225,000 | 1 Aug 2005 |
| £181,000 | 9 Dec 2002 |
| £113,950 | 24 Nov 1999 |
| Detached |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 June 2020 the House Price Index for TYNE AND WEAR was 122.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 20.613%.Applying this 20.613% change to the original purchase price of £270,000 results in an estimated price of approximately £325,653.
| 5 Jun 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.0 | 20.613 % | £270,000 | £55,653 | £325,653 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 22.207 % | £59,959 | £329,959 |
| 3 Month Average | 18.356 % | £49,560 | £319,560 |
| 6 Month Average | 25.626 % | £69,189 | £339,189 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £285,313 | £283,000 | 25 CAWBURN CLOSE |
| 27 Jun 2022 | £318,225 | £315,000 | 92 GREENLEE DRIVE |
| 24 Jun 2022 | £333,379 | £330,000 | 38 GREENLEE DRIVE |
| 26 Nov 2021 | £232,664 | £216,000 | 51 GREENLEE DRIVE |
| 1 Oct 2021 | £396,724 | £360,000 | 55 GREENLEE DRIVE |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 20 Sep 2012. Using an estimated price of £325,654 means this house is valued at £3,161 per sq meter (£293 per sq foot).
The average size of a house on GREENLEE DRIVE is 111 sq meters (1,198 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cawburn Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cottage Farm |
| Apr 2024 | Anti-social behaviour | On or near Melkridge Gardens | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Melkridge Gardens |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melkridge Gardens |