£218,640
This estimated value is based upon the latest sale price for the house of £49,000 on 14 May 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £49,000 | 14 May 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 May 1999 the House Price Index for TYNE AND WEAR was 33.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 346.205%.Applying this 346.205% change to the original purchase price of £49,000 results in an estimated price of approximately £218,640.
| 14 May 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 149.7 | 346.205 % | £49,000 | £169,640 | £218,640 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 228.533 % | £111,981 | £160,981 |
| 3 Month Average | 183.375 % | £89,853 | £138,853 |
| 6 Month Average | 157.601 % | £77,224 | £126,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £150,000 | £150,000 | 3 MONKSWOOD SQUARE |
| 31 May 2024 | £180,000 | £180,000 | 6 CLOSEBURN SQUARE |
| 8 Dec 2023 | £242,398 | £234,950 | 23 RUSWARP DRIVE |
| 8 Dec 2023 | £190,865 | £185,000 | 34 RUSWARP DRIVE |
| 2 Aug 2022 | £152,714 | £152,000 | 17 CLOSEBURN SQUARE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 26 Oct 2013. Using an estimated price of £218,641 means this house is valued at £2,995 per sq meter (£278 per sq foot).
There is one other house on the street which we know the size of, this is 1 DRYBECK SQUARE it is 78.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Drybeck Square |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Lawnhead Square |
| Oct 2024 | Anti-social behaviour | On or near Hinkley Close | |
| Oct 2024 | Anti-social behaviour | On or near Torphin Hill Drive | |
| Oct 2024 | Anti-social behaviour | On or near Torphin Hill Drive |