£200,133
This estimated value is based upon the latest sale price for the house of £175,000 on 3 Feb 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 3 Feb 2021 |
| £159,995 | 25 Jun 2010 |
| Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 February 2021 the House Price Index for TYNE AND WEAR was 130.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.362%.Applying this 14.362% change to the original purchase price of £175,000 results in an estimated price of approximately £200,133.
| 3 Feb 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 149.7 | 14.362 % | £175,000 | £25,133 | £200,133 |
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 | -15.921 % | £-27,862 | £147,137 |
| 3 Month Average | -6.170 % | £-10,797 | £164,202 |
| 6 Month Average | 9.100 % | £15,924 | £190,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £190,656 | £189,000 | 26 SPRINGFIELD ROAD |
| 3 Apr 2024 | £134,165 | £133,000 | 12 ROBINSONS DRIVE |
| 31 Oct 2023 | £189,299 | £185,000 | 28 SPRINGFIELD ROAD |
| 13 Oct 2023 | £217,438 | £212,500 | 23 PICKERING DRIVE |
| 8 Sep 2023 | £122,705 | £120,000 | 10 HAWTHORN ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 16 Sep 2020. Using an estimated price of £200,134 means this house is valued at £2,300 per sq meter (£213 per sq foot).
The average size of a house on PICKERING DRIVE is 85 sq meters (920 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallington Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Wallington Close |
| Aug 2024 | Vehicle crime | Under investigation | On or near Wallington Close |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Wallington Close |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Robinsons Drive |