£429,784
This estimated value is based upon the latest sale price for the house of £390,000 on 22 Oct 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 |
|---|---|
| £390,000 | 22 Oct 2021 |
| £315,000 | 22 Apr 2016 |
| £246,000 | 19 Jan 2007 |
| £145,000 | 12 Jun 2002 |
| £68,000 | 26 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 177 sq meters or 1,905 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £390,000 results in an estimated price of approximately £429,784.
| 22 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.0 | 10.201 % | £390,000 | £39,784 | £429,784 |
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 | -27.701 % | £-108,033 | £281,966 |
| 3 Month Average | 37.325 % | £145,566 | £535,566 |
| 6 Month Average | 18.749 % | £73,119 | £463,119 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2022 | £331,325 | £336,250 | 9 WESTMORLAND GARDENS |
| 27 May 2022 | £383,704 | £378,000 | 17 ALBERT DRIVE |
| 27 May 2022 | £270,674 | £266,650 | 19 CEDAR CRESCENT |
| 20 May 2022 | £249,712 | £246,000 | 50 COLERIDGE AVENUE |
| 8 Apr 2022 | £277,960 | £271,011 | 9 MYRTLE GROVE |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 24 Sep 2012. Using an estimated price of £429,784 means this house is valued at £2,428 per sq meter (£225 per sq foot).
The average size of a house on ALBERT DRIVE is 167 sq meters (1,800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Myrtle Grove |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Well Lane |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Well Lane |
| Feb 2024 | Anti-social behaviour | On or near Well Lane | |
| Feb 2024 | Anti-social behaviour | On or near Well Lane |