£523,177
This estimated value is based upon the latest sale price for the house of £415,000 on 24 Nov 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£415,000 | 24 Nov 2017 |
Detached |
Freehold |
Floor Area: 115 sq meters or 1,237 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 November 2017 the House Price Index for TYNE AND WEAR was 117.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.067%.Applying this 26.067% change to the original purchase price of £415,000 results in an estimated price of approximately £523,177.
24 Nov 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.9 | 148.6 | 26.067 % | £415,000 | £108,177 | £523,177 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 2.332 % | £9,677 | £424,677 |
3 Month Average | 2.890 % | £11,991 | £426,991 |
6 Month Average | 10.652 % | £44,207 | £459,207 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £357,572 | £353,000 | 35 RENNINGTON AVENUE |
22 Aug 2023 | £853,719 | £846,250 | 43 THE BROADWAY |
3 Aug 2023 | £585,119 | £580,000 | 1 ALDENHAM GARDENS |
3 Aug 2023 | £579,066 | £574,000 | 11 HASTINGS DRIVE |
25 Nov 2022 | £513,777 | £520,000 | 7 SAXON DRIVE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 23 Nov 2016. Using an estimated price of £523,178 means this house is valued at £4,549 per sq meter (£422 per sq foot).
The average size of a house on SAXON DRIVE is 180 sq meters (1,940 sq feet).
This house is the smallest in the street with a floor area of 115 sq meters (1,237 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Vehicle crime | Under investigation | On or near Monkstone Crescent |
Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Monkstone Crescent |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Aydon Road |
Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kennersdene |
Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Kennersdene |