£488,728
This estimated value is based upon the latest sale price for the house of £390,000 on 21 Jun 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 |
|---|---|
| £390,000 | 21 Jun 2018 |
| Detached |
| Freehold |
| Floor Area: 167 sq meters or 1,797 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £390,000 results in an estimated price of approximately £488,728.
| 21 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £390,000 | £98,728 | £488,728 |
The Postcode Pricing Model uses changes in average sales price within the NE39 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 | 66.438 % | £259,109 | £649,109 |
| 3 Month Average | -7.671 % | £-29,918 | £360,081 |
| 6 Month Average | 10.604 % | £41,356 | £431,356 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £432,806 | £425,000 | 25 DENE AVENUE |
| 31 Aug 2022 | £311,456 | £310,000 | DENTON COTTAGE ORCHARD ROAD |
| 6 Dec 2021 | £242,844 | £225,000 | 22 ORCHARD ROAD |
| 29 Oct 2021 | £571,268 | £512,500 | HAINING BANK STRATHMORE ROAD |
| 27 Aug 2021 | £243,881 | £217,000 | BRINELL SMAILES LANE |
This house has a floor area of 167 sq meters or 1,797 sq feet when measured on 16 Aug 2017. Using an estimated price of £488,729 means this house is valued at £2,926 per sq meter (£271 per sq foot).
The average size of a house on DENE ROAD is 202 sq meters (2,177 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Dene Road |
| Sep 2024 | Bicycle theft | Under investigation | On or near Dene Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Dene Crescent |
| Oct 2024 | Drugs | Under investigation | On or near Cross Terrace |
| Jul 2024 | Anti-social behaviour | On or near Cross Terrace |