£202,996
This estimated value is based upon the latest sale price for the house of £151,995 on 28 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 |
---|---|
£151,995 | 28 Jun 2016 |
Semi-Detached |
Leasehold |
Floor Area: 74 sq meters or 796 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 £151,995 results in an estimated price of approximately £202,996.
28 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 148.6 | 33.555 % | £151,995 | £51,001 | £202,996 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | -17.232 % | £-26,191 | £125,803 |
3 Month Average | -4.257 % | £-6,471 | £145,523 |
6 Month Average | 7.828 % | £11,897 | £163,892 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £268,432 | £265,000 | 72 ROPERY ROAD |
5 Jul 2023 | £69,941 | £69,000 | UNIT 2 VANCE BUSINESS PARK |
5 Jul 2023 | £98,526 | £97,200 | UNIT 3 VANCE BUSINESS PARK |
4 Apr 2023 | £123,328 | £122,000 | UNIT 1 VANCE BUSINESS PARK |
27 Mar 2023 | £163,541 | £162,000 | 122 DERWENTWATER ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 20 May 2016. Using an estimated price of £202,997 means this house is valued at £2,743 per sq meter (£254 per sq foot).
The average size of a house on DERWENTWATER ROAD is 73 sq meters (791 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Ropery Road |
Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ropery Road |
Jan 2024 | Anti-social behaviour | On or near Ropery Road | |
Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near Ropery Road |
Jan 2024 | Anti-social behaviour | On or near Ropery Road |