£305,716
This estimated value is based upon the latest sale price for the house of £59,950 on 2 May 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £59,950 | 2 May 1997 |
| Detached |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 May 1997 the House Price Index for TYNE AND WEAR was 28.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 409.953%.Applying this 409.953% change to the original purchase price of £59,950 results in an estimated price of approximately £305,716.
| 2 May 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 146.7 | 409.953 % | £59,950 | £245,766 | £305,716 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 149.122 % | £89,398 | £149,348 |
| 3 Month Average | 254.473 % | £152,556 | £212,506 |
| 6 Month Average | 259.373 % | £155,494 | £215,444 |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 9 Jun 2016.
The average size of a house on LANCASTER DRIVE is 81 sq meters (878 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Agricola Gardens |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Agricola Gardens |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Carnforth Close |