£202,601
This estimated value is based upon the latest sale price for the house of £198,000 on 3 Oct 2023. 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 Wheatall Drive
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| Price Paid | Date |
|---|---|
| £198,000 | 3 Oct 2023 |
| £123,000 | 21 Sep 2010 |
| £119,950 | 22 Jul 2004 |
| £84,000 | 27 Jan 2003 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 781 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 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £198,000 results in an estimated price of approximately £202,601.
| 3 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £198,000 | £4,601 | £202,601 |
The Postcode Pricing Model uses changes in average sales price within the SR6 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 | -20.536 % | £-40,661 | £157,338 |
| 3 Month Average | -1.920 % | £-3,802 | £194,197 |
| 6 Month Average | -4.339 % | £-8,590 | £189,409 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2024 | £190,000 | £190,000 | 78 SOUTER VIEW |
| 3 Oct 2023 | £202,601 | £198,000 | 7 WHEATALL DRIVE |
| 7 Oct 2022 | £224,251 | £225,000 | 92 SOUTER VIEW |
| 8 Apr 2022 | £176,362 | £170,000 | 5 WHEATALL DRIVE |
| 25 Mar 2022 | £172,249 | £165,000 | 19 MILLFIELD TERRACE |
This house has a floor area of 72 sq meters or 781 sq feet when measured on 8 Oct 2008. Using an estimated price of £202,601 means this house is valued at £2,791 per sq meter (£259 per sq foot).
The average size of a house on WHEATALL DRIVE is 80 sq meters (862 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Wheatall Drive |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairfield Drive |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairfield Drive |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Fairfield Drive |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rose Crescent |