£140,961
This estimated value is based upon the latest sale price for the house of £90,000 on 22 Oct 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£90,000 | 22 Oct 2007 |
£52,000 | 8 Jan 2007 |
£54,000 | 6 Dec 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 2007 the House Price Index for TYNE AND WEAR was 95.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.624%.Applying this 56.624% change to the original purchase price of £90,000 results in an estimated price of approximately £140,961.
22 Oct 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.6 | 149.7 | 56.624 % | £90,000 | £50,961 | £140,961 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | 4.019 % | £3,617 | £93,617 |
3 Month Average | 9.819 % | £8,837 | £98,837 |
6 Month Average | 11.304 % | £10,173 | £100,173 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Mar 2024 | £124,919 | £123,000 | 682 DURHAM ROAD |
8 Dec 2023 | £438,473 | £425,000 | 30 WORLEY AVENUE |
8 Nov 2023 | £220,600 | £215,000 | 237 KELLS LANE |
6 Oct 2023 | £173,951 | £170,000 | 34 WORLEY AVENUE |
3 Mar 2023 | £294,925 | £290,000 | 8 - 10 CHOWDENE BANK |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 24 Nov 2012. Using an estimated price of £140,962 means this house is valued at £2,389 per sq meter (£221 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Durham Road | |
Jun 2024 | Anti-social behaviour | On or near Durham Road | |
Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
May 2024 | Anti-social behaviour | On or near Durham Road | |
May 2024 | Anti-social behaviour | On or near Durham Road |