£132,207
This estimated value is based upon the latest sale price for the house of £130,000 on 31 Mar 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 31 Mar 2023 |
| £96,500 | 10 Jun 2019 |
| £107,950 | 28 May 2004 |
| £74,950 | 14 Feb 2003 |
| £53,000 | 30 Jun 2000 |
| Terraced |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 March 2023 the House Price Index for TYNE AND WEAR was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £130,000 results in an estimated price of approximately £132,207.
| 31 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £130,000 | £2,207 | £132,207 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | -49.520 % | £-64,376 | £65,623 |
| 3 Month Average | -0.998 % | £-1,297 | £128,702 |
| 6 Month Average | 2.868 % | £3,728 | £133,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £182,524 | £178,500 | 66 SILVERMERE DRIVE |
| 15 Sep 2023 | £140,088 | £137,000 | 47 SILVERMERE DRIVE |
| 28 Apr 2023 | £150,311 | £147,500 | 19 SILVERMERE DRIVE |
| 31 Mar 2023 | £132,208 | £130,000 | 44 SILVERMERE DRIVE |
| 24 Mar 2023 | £406,793 | £400,000 | 6 SILVERMERE DRIVE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 6 Apr 2019. Using an estimated price of £132,208 means this house is valued at £2,132 per sq meter (£198 per sq foot).
The average size of a house on SILVERMERE DRIVE is 71 sq meters (766 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Croft Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Croft Close |
| Oct 2024 | Other crime | Awaiting court outcome | On or near Croft Close |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Croft Close |
| Oct 2024 | Public order | Under investigation | On or near Croft Close |