£207,048
This estimated value is based upon the latest sale price for the house of £165,995 on 1 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£165,995 | 1 May 2018 |
Semi-Detached |
Freehold |
Floor Area: 76 sq meters or 818 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 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £165,995 results in an estimated price of approximately £207,048.
1 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £165,995 | £41,053 | £207,048 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -30.686 % | £-50,937 | £115,057 |
3 Month Average | -7.715 % | £-12,806 | £153,188 |
6 Month Average | 14.685 % | £24,376 | £190,371 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £178,116 | £175,000 | 3 ELDER GROVE |
1 Dec 2023 | £173,027 | £170,000 | 12 BLACKTHORN CLOSE |
29 Nov 2023 | £188,795 | £186,000 | 12 ELDER GROVE |
6 Sep 2023 | £148,904 | £147,000 | 44 FIRFIELD ROAD |
30 Jun 2023 | £177,146 | £175,000 | 131 MAGNOLIA DRIVE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 29 Mar 2018. Using an estimated price of £207,049 means this house is valued at £2,724 per sq meter (£253 per sq foot).
The average size of a house on MAGNOLIA DRIVE is 77 sq meters (829 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Magnolia Drive | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Wilbury Place |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Wilbury Place |
Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Wilbury Place |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Wilbury Place |