£214,615
This estimated value is based upon the latest sale price for the house of £170,000 on 2 Mar 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £170,000 | 2 Mar 2018 |
| £112,000 | 21 Apr 2017 |
| Terraced |
| Freehold |
| Floor Area: 104 sq meters or 1,119 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £170,000 results in an estimated price of approximately £214,615.
| 2 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 149.7 | 26.245 % | £170,000 | £44,615 | £214,615 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 9.970 % | £16,948 | £186,948 |
| 3 Month Average | 25.906 % | £44,039 | £214,039 |
| 6 Month Average | 7.675 % | £13,046 | £183,046 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £145,000 | £145,000 | 122 SILVER LONNEN |
| 22 Sep 2023 | £184,006 | £179,950 | 91 SILVER LONNEN |
| 25 Aug 2023 | £78,923 | £77,500 | 15 SILVER LONNEN |
| 14 Aug 2023 | £184,324 | £181,000 | 83 SILVER LONNEN |
| 28 Apr 2023 | £79,487 | £78,000 | 30 BINGFIELD GARDENS |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 8 Sep 2017. Using an estimated price of £214,616 means this house is valued at £2,063 per sq meter (£191 per sq foot).
The average size of a house on NETHERBY DRIVE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Bingfield Gardens | |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bingfield Gardens |
| Jun 2024 | Anti-social behaviour | On or near Bingfield Gardens | |
| Jun 2024 | Vehicle crime | Under investigation | On or near Bingfield Gardens |
| Jun 2024 | Anti-social behaviour | On or near Bingfield Gardens |