£440,129
This estimated value is based upon the latest sale price for the house of £250,000 on 15 Sep 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £250,000 | 15 Sep 2009 |
| £205,000 | 17 Apr 2003 |
| £102,000 | 29 Nov 1996 |
| Detached |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 September 2009 the House Price Index for TYNE AND WEAR was 83.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 76.052%.Applying this 76.052% change to the original purchase price of £250,000 results in an estimated price of approximately £440,129.
| 15 Sep 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.3 | 146.7 | 76.052 % | £250,000 | £190,129 | £440,129 |
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 | 47.060 % | £117,649 | £367,649 |
| 3 Month Average | 24.404 % | £61,010 | £311,010 |
| 6 Month Average | 24.237 % | £60,592 | £310,592 |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 18 Mar 2015.
The average size of a house on SILVERMERE DRIVE is 71 sq meters (766 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Croft Close |
| Jan 2024 | Public order | Under investigation | On or near Croft Close |