£265,897
This estimated value is based upon the latest sale price for the house of £225,000 on 2 Oct 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £225,000 | 2 Oct 2020 |
| £239,950 | 27 Oct 2016 |
| Detached |
| Leasehold |
| Floor Area: 114 sq meters or 1,227 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 October 2020 the House Price Index for TYNE AND WEAR was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £225,000 results in an estimated price of approximately £265,897.
| 2 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £225,000 | £40,897 | £265,897 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 18.984 % | £42,714 | £267,714 |
| 3 Month Average | 14.841 % | £33,392 | £258,392 |
| 6 Month Average | 10.907 % | £24,541 | £249,541 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £182,809 | £180,000 | 51 ABERFORD DRIVE |
| 30 Nov 2023 | £135,951 | £132,500 | 12 ABERFORD DRIVE |
| 12 Jan 2023 | £275,737 | £275,000 | 44 ABERFORD DRIVE |
| 6 Jul 2022 | £183,842 | £182,000 | 4 ABERFORD DRIVE |
| 10 Jun 2022 | £168,604 | £165,000 | 48 ABERFORD DRIVE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 1 Mar 2019. Using an estimated price of £265,898 means this house is valued at £2,332 per sq meter (£216 per sq foot).
The average size of a house on ABERFORD DRIVE is 99 sq meters (1,074 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Local resolution | On or near Aberford Drive |
| Jun 2024 | Anti-social behaviour | On or near Goodrich Close | |
| Jun 2024 | Anti-social behaviour | On or near Goodrich Close | |
| Jun 2024 | Anti-social behaviour | On or near Goodrich Close | |
| Jun 2024 | Anti-social behaviour | On or near Goodrich Close |