£177,987
This estimated value is based upon the latest sale price for the house of £118,000 on 31 Jul 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £118,000 | 31 Jul 2014 |
| £70,000 | 30 Nov 2011 |
| £84,000 | 5 Aug 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,197 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 July 2014 the House Price Index for TYNE AND WEAR was 97.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 50.837%.Applying this 50.837% change to the original purchase price of £118,000 results in an estimated price of approximately £177,987.
| 31 Jul 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 146.7 | 50.837 % | £118,000 | £59,987 | £177,987 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | -24.848 % | £-29,320 | £88,679 |
| 3 Month Average | 16.202 % | £19,118 | £137,118 |
| 6 Month Average | 26.096 % | £30,793 | £148,793 |
This house has a floor area of 111 sq meters or 1,197 sq feet when measured on 20 Oct 2011.
The average size of a house on MARGARET DRIVE is 141 sq meters (1,527 sq feet).
This house is the largest in the street with a floor area of 111 sq meters (1,197 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Anne Drive | |
| Jan 2024 | Anti-social behaviour | On or near Anne Drive | |
| Jan 2024 | Anti-social behaviour | On or near Anne Drive | |
| Jan 2024 | Anti-social behaviour | On or near Anne Drive | |
| Feb 2024 | Anti-social behaviour | On or near William Close |