£123,156
This estimated value is based upon the latest sale price for the house of £22,000 on 24 Jun 1996. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £22,000 | 24 Jun 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 1996 the House Price Index for TYNE AND WEAR was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.800%.Applying this 459.800% change to the original purchase price of £22,000 results in an estimated price of approximately £123,156.
| 24 Jun 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 459.800 % | £22,000 | £101,156 | £123,156 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 205.587 % | £45,229 | £67,229 |
| 3 Month Average | 238.353 % | £52,437 | £74,437 |
| 6 Month Average | 270.453 % | £59,499 | £81,499 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £167,480 | £165,000 | 28 ACOMB GARDENS |
| 28 Sep 2023 | £187,396 | £185,000 | 7 BEAUFRONT GARDENS |
| 8 Sep 2023 | £157,007 | £155,000 | 31 CLAREWOOD PLACE |
| 11 Aug 2023 | £204,792 | £203,000 | 35 NETHERBY DRIVE |
| 7 Jul 2023 | £157,115 | £155,000 | 18 ACOMB GARDENS |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 9 Jun 2016. Using an estimated price of £123,156 means this house is valued at £1,368 per sq meter (£127 per sq foot).
The average size of a house on NETHERBY DRIVE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Netherby Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Netherby Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kirkheaton Place |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kirkheaton Place |
| Feb 2024 | Anti-social behaviour | On or near Clarewood Place |