£325,920
This estimated value is based upon the latest sale price for the house of £305,000 on 29 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £305,000 | 29 Jun 2021 |
| £240,000 | 16 Jan 2017 |
| Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £305,000 results in an estimated price of approximately £325,920.
| 29 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £305,000 | £20,920 | £325,920 |
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 | -41.497 % | £-126,566 | £178,433 |
| 3 Month Average | -15.105 % | £-46,071 | £258,928 |
| 6 Month Average | 1.340 % | £4,085 | £309,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Nov 2023 | £248,186 | £245,000 | 56 INGRAM DRIVE |
| 10 Nov 2023 | £384,891 | £379,950 | 55 INGRAM DRIVE |
| 7 Nov 2023 | £346,448 | £342,000 | 7 WEST MEADOWS |
| 25 Aug 2023 | £261,591 | £260,000 | 47 WEST MEADOWS |
| 10 Feb 2023 | £115,454 | £116,000 | 42 GREENWAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 29 Sep 2016. Using an estimated price of £325,921 means this house is valued at £4,526 per sq meter (£420 per sq foot).
The average size of a house on WEST MEADOWS is 101 sq meters (1,095 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near West Meadows |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ingram Drive |
| Mar 2024 | Anti-social behaviour | On or near Burnview Court | |
| Mar 2024 | Anti-social behaviour | On or near Burnview Court | |
| Apr 2024 | Anti-social behaviour | On or near Hartburn Close |