£371,584
This estimated value is based upon the latest sale price for the house of £220,000 on 11 Jun 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £220,000 | 11 Jun 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,483 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 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.902%.Applying this 68.902% change to the original purchase price of £220,000 results in an estimated price of approximately £371,584.
| 11 Jun 2010 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.0 | 68.902 % | £220,000 | £151,584 | £371,584 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -3.696 % | £-8,131 | £211,868 |
| 3 Month Average | 26.743 % | £58,835 | £278,835 |
| 6 Month Average | 27.887 % | £61,350 | £281,350 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £185,627 | £185,000 | 2 - 4 DENEWELL AVENUE |
| 4 Dec 2023 | £328,209 | £322,000 | 18 CLEASBY GARDENS |
| 9 Sep 2022 | £301,706 | £305,375 | 4 JOICEY ROAD |
| 14 Jul 2022 | £389,424 | £389,950 | 5 HEATHFIELD ROAD |
| 16 Mar 2022 | £309,623 | £300,000 | 18 JOICEY ROAD |
This house has a floor area of 137 sq meters or 1,483 sq feet when measured on 15 Apr 2010. Using an estimated price of £371,585 means this house is valued at £2,696 per sq meter (£250 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chesters Close |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Thornlea Gardens |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Joicey Road |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Joicey Road |
| Feb 2024 | Drugs | Awaiting court outcome | On or near Joicey Road |