£227,043
This estimated value is based upon the latest sale price for the house of £170,000 on 10 Jun 2016. 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 | 10 Jun 2016 |
| £170,000 | 10 Jun 2016 |
| £126,000 | 6 Dec 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £170,000 results in an estimated price of approximately £227,043.
| 10 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £170,000 | £57,043 | £227,043 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -21.753 % | £-36,979 | £133,020 |
| 3 Month Average | 3.174 % | £5,396 | £175,396 |
| 6 Month Average | 10.087 % | £17,148 | £187,148 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £99,236 | £97,500 | 208 HIGHFIELD ROAD |
| 20 Nov 2023 | £375,560 | £370,000 | 39 CALLUM DRIVE |
| 22 Jun 2023 | £83,005 | £82,000 | 75 HORSLEY VALE |
| 17 Feb 2023 | £139,406 | £139,500 | 95 HORSLEY VALE |
| 4 Apr 2022 | £133,874 | £130,000 | 149 CHEVIOT ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 2 Jul 2012. Using an estimated price of £227,043 means this house is valued at £2,270 per sq meter (£210 per sq foot).
The average size of a house on CHEVIOT ROAD is 85 sq meters (917 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Callum Drive |
| Mar 2024 | Drugs | Under investigation | On or near Callum Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Callum Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cheviot Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cheviot Road |