£250,437
This estimated value is based upon the latest sale price for the house of £59,950 on 15 Oct 1999. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£59,950 | 15 Oct 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 43 sq meters or 471 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 1999 the House Price Index for TYNE AND WEAR was 35.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 317.743%.Applying this 317.743% change to the original purchase price of £59,950 results in an estimated price of approximately £250,437.
15 Oct 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
35.8 | 149.7 | 317.743 % | £59,950 | £190,487 | £250,437 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 38.363 % | £22,998 | £82,948 |
3 Month Average | 138.671 % | £83,133 | £143,083 |
6 Month Average | 139.817 % | £83,820 | £143,770 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Nov 2023 | £92,344 | £90,000 | 11 THE OLD BREWERY DURHAM ROAD |
25 Oct 2023 | £181,113 | £177,000 | 29 LONGLANDS DRIVE |
20 Jun 2023 | £75,003 | £73,500 | 19 THE OLD BREWERY DURHAM ROAD |
17 Feb 2023 | £89,599 | £89,000 | 18 THE OLD BREWERY DURHAM ROAD |
29 Apr 2022 | £155,613 | £150,000 | 51 LONGLANDS DRIVE |
This house has a floor area of 43 sq meters or 471 sq feet when measured on 22 Nov 2011. Using an estimated price of £250,437 means this house is valued at £5,717 per sq meter (£531 per sq foot).
The average size of a house on DURHAM ROAD is 76 sq meters (828 sq feet).
This house is the smallest in the street with a floor area of 43 sq meters (471 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near The Broadway | |
May 2024 | Anti-social behaviour | On or near The Broadway | |
Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Broadway |