£414,214
This estimated value is based upon the latest sale price for the house of £247,000 on 23 Nov 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 |
|---|---|
| £247,000 | 23 Nov 2006 |
| £156,000 | 6 Sep 2002 |
| £105,000 | 7 Nov 1997 |
| Detached |
| Freehold |
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 November 2006 the House Price Index for TYNE AND WEAR was 88.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.698%.Applying this 67.698% change to the original purchase price of £247,000 results in an estimated price of approximately £414,214.
| 23 Nov 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 148.6 | 67.698 % | £247,000 | £167,214 | £414,214 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -39.310 % | £-97,096 | £149,903 |
| 3 Month Average | 21.549 % | £53,226 | £300,226 |
| 6 Month Average | 35.930 % | £88,747 | £335,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £101,781 | £100,000 | 123 DERWENT WATER DRIVE |
| 11 Dec 2023 | £203,562 | £200,000 | 11 PARKLAND |
| 30 Nov 2023 | £233,456 | £230,000 | 30 STELLA HALL DRIVE |
| 27 Nov 2023 | £60,902 | £60,000 | 12 STONECHAT MOUNT |
| 3 Nov 2023 | £172,555 | £170,000 | 8 TEMPEST STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
| Jan 2024 | Anti-social behaviour | On or near Stella Lane | |
| Jan 2024 | Anti-social behaviour | On or near Stella Lane | |
| Jan 2024 | Anti-social behaviour | On or near Stella Lane | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Stella Lane |