£378,792
This estimated value is based upon the latest sale price for the house of £230,000 on 23 Aug 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £230,000 | 23 Aug 2013 |
| £210,000 | 28 Apr 2008 |
| Terraced |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 August 2013 the House Price Index for TYNE AND WEAR was 89.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 64.692%.Applying this 64.692% change to the original purchase price of £230,000 results in an estimated price of approximately £378,792.
| 23 Aug 2013 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 148.0 | 64.692 % | £230,000 | £148,792 | £378,792 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 39.204 % | £90,168 | £320,168 |
| 3 Month Average | 21.624 % | £49,735 | £279,735 |
| 6 Month Average | 26.787 % | £61,610 | £291,610 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £312,960 | £310,000 | 72 MELVILLE GROVE |
| 27 Jan 2023 | £391,561 | £395,000 | 4 GRETTON PLACE |
| 6 Apr 2022 | £333,333 | £325,000 | 53 COTSWOLD GARDENS |
| 13 Aug 2021 | £341,944 | £307,750 | 1 LEYBURN DRIVE |
| 4 Dec 2020 | £240,047 | £210,000 | 32 STOKESLEY GROVE |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 28 May 2013. Using an estimated price of £378,792 means this house is valued at £3,030 per sq meter (£281 per sq foot).
The average size of a house on STANWAY DRIVE is 117 sq meters (1,266 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Stokesley Grove |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Anti-social behaviour | On or near Conway Drive | |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cotswold Gardens |
| Apr 2024 | Possession of weapons | Under investigation | On or near Sports/Recreation Area |