£79,339
This estimated value is based upon the latest sale price for the house of £64,000 on 16 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Lanark Drive
More crime details
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| Price Paid | Date |
|---|---|
| £64,000 | 16 Aug 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 August 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £64,000 results in an estimated price of approximately £79,339.
| 16 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £64,000 | £15,339 | £79,339 |
The Postcode Pricing Model uses changes in average sales price within the NE32 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 | 57.993 % | £37,115 | £101,115 |
| 3 Month Average | 27.790 % | £17,785 | £81,785 |
| 6 Month Average | 17.190 % | £11,001 | £75,001 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £134,121 | £130,000 | 150 INVERNESS ROAD |
| 17 Oct 2023 | £140,695 | £137,500 | 34 LANARK DRIVE |
| 22 Sep 2023 | £125,773 | £123,000 | 57 ABERDEEN DRIVE |
| 11 Aug 2023 | £106,929 | £105,000 | 7 NAIRN STREET |
| 31 Oct 2022 | £94,684 | £95,000 | 39 LANARK DRIVE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 23 Aug 2016. Using an estimated price of £79,339 means this house is valued at £1,149 per sq meter (£106 per sq foot).
The average size of a house on LANARK DRIVE is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Lanark Drive |
| Sep 2024 | Burglary | Under investigation | On or near Lanark Drive |
| Sep 2024 | Other theft | Under investigation | On or near Lanark Drive |
| Aug 2024 | Anti-social behaviour | On or near Fife Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Fife Avenue |