£81,202
This estimated value is based upon the latest sale price for the house of £80,000 on 19 Jan 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 19 Jan 2024 |
| £74,800 | 8 Oct 2019 |
| £73,000 | 17 Jun 2011 |
| £74,950 | 7 Apr 2006 |
| £28,000 | 1 Dec 2000 |
| £26,000 | 2 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 44 sq meters or 473 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 January 2024 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £80,000 results in an estimated price of approximately £81,202.
| 19 Jan 2024 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £80,000 | £1,202 | £81,202 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -60.929 % | £-48,743 | £31,256 |
| 3 Month Average | 4.444 % | £3,555 | £83,555 |
| 6 Month Average | -0.676 % | £-541 | £79,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £234,096 | £230,000 | 53 LANCASTER DRIVE |
| 30 Nov 2023 | £246,144 | £242,500 | 45 LANCASTER DRIVE |
| 28 Jun 2023 | £288,495 | £285,000 | 53 AGRICOLA GARDENS |
| 29 Apr 2022 | £267,233 | £259,500 | 75 AGRICOLA GARDENS |
| 11 Feb 2022 | £188,765 | £180,000 | 87 LANCASTER DRIVE |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 8 Aug 2018.
The average size of a house on LANCASTER DRIVE is 81 sq meters (878 sq feet).
This house is the smallest in the street with a floor area of 44 sq meters (473 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Agricola Gardens |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Agricola Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Carnforth Close |