£193,310
This estimated value is based upon the latest sale price for the house of £110,500 on 30 Jun 2006. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,500 | 30 Jun 2006 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2006 the House Price Index for TYNE AND WEAR was 85.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.941%.Applying this 74.941% change to the original purchase price of £110,500 results in an estimated price of approximately £193,310.
| 30 Jun 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 149.7 | 74.941 % | £110,500 | £82,810 | £193,310 |
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 | 29.313 % | £32,391 | £142,891 |
| 3 Month Average | 45.228 % | £49,976 | £160,476 |
| 6 Month Average | 26.299 % | £29,060 | £139,560 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2024 | £95,832 | £95,000 | 176 OVINGTON GROVE |
| 1 Dec 2023 | £123,804 | £120,000 | 130 OVINGTON GROVE |
| 10 Feb 2023 | £118,290 | £117,500 | 138 OVINGTON GROVE |
| 19 Jan 2023 | £95,255 | £95,000 | 182 OVINGTON GROVE |
| 13 Jan 2023 | £95,255 | £95,000 | 7 DEANHAM GARDENS |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 8 Jun 2018. Using an estimated price of £193,310 means this house is valued at £2,416 per sq meter (£224 per sq foot).
The average size of a house on NETHERBY DRIVE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ovington Grove |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ovington Grove |
| Jul 2024 | Shoplifting | Under investigation | On or near Ovington Grove |
| May 2024 | Public order | Investigation complete; no suspect identified | On or near Ovington Grove |
| May 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Ovington Grove |