£296,411
This estimated value is based upon the latest sale price for the house of £232,500 on 21 Jul 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £232,500 | 21 Jul 2017 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2017 the House Price Index for TYNE AND WEAR was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £232,500 results in an estimated price of approximately £296,411.
| 21 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £232,500 | £63,911 | £296,411 |
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 | 0.834 % | £1,939 | £234,439 |
| 3 Month Average | -9.229 % | £-21,457 | £211,042 |
| 6 Month Average | 16.762 % | £38,972 | £271,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jan 2023 | £393,148 | £395,000 | 4 GRETTON PLACE |
| 6 Apr 2022 | £334,685 | £325,000 | 53 COTSWOLD GARDENS |
| 13 Aug 2021 | £343,331 | £307,750 | 1 LEYBURN DRIVE |
| 4 Dec 2020 | £241,020 | £210,000 | 32 STOKESLEY GROVE |
| 4 Sep 2019 | £392,629 | £320,000 | 13 SAXTON GROVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 4 Apr 2017. Using an estimated price of £296,412 means this house is valued at £3,446 per sq meter (£320 per sq foot).
The average size of a house on STANWAY DRIVE is 117 sq meters (1,266 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Gretton Place |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Cannock Drive |
| Dec 2023 | Anti-social behaviour | On or near Winchcombe Place |