£153,371
This estimated value is based upon the latest sale price for the house of £122,000 on 8 Dec 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 |
|---|---|
| £122,000 | 8 Dec 2017 |
| £56,000 | 24 Jun 1998 |
| Terraced |
| Freehold |
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 December 2017 the House Price Index for TYNE AND WEAR was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £122,000 results in an estimated price of approximately £153,371.
| 8 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £122,000 | £31,371 | £153,371 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -37.642 % | £-45,923 | £76,076 |
| 3 Month Average | -9.458 % | £-11,538 | £110,461 |
| 6 Month Average | -3.930 % | £-4,793 | £117,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £252,156 | £249,950 | 3 WATERFORD CLOSE |
| 25 Jul 2023 | £288,888 | £285,000 | IONA NORTH STREET |
| 31 Jan 2023 | £129,390 | £130,000 | 1 CHAPEL BANK |
| 20 Jan 2023 | £169,203 | £170,000 | 6 WHARTON CLOSE |
| 12 Jul 2022 | £175,472 | £175,000 | 14 SUMMER HOUSE FARM ESTATE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Durham Road |
| Dec 2023 | Other crime | Investigation complete; no suspect identified | On or near School Road |