£128,956
This estimated value is based upon the latest sale price for the house of £44,250 on 3 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£44,250 | 3 May 2002 |
Terraced |
Leasehold |
Floor Area: 59 sq meters or 635 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 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £44,250 results in an estimated price of approximately £128,956.
3 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
51.0 | 148.6 | 191.428 % | £44,250 | £84,706 | £128,956 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 238.044 % | £105,334 | £149,584 |
3 Month Average | 189.460 % | £83,836 | £128,086 |
6 Month Average | 167.784 % | £74,244 | £118,494 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £180,812 | £178,500 | 66 SILVERMERE DRIVE |
15 Sep 2023 | £138,774 | £137,000 | 47 SILVERMERE DRIVE |
28 Apr 2023 | £149,105 | £147,500 | 19 SILVERMERE DRIVE |
31 Mar 2023 | £131,236 | £130,000 | 44 SILVERMERE DRIVE |
24 Mar 2023 | £403,804 | £400,000 | 6 SILVERMERE DRIVE |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 15 Jan 2019. Using an estimated price of £128,957 means this house is valued at £2,185 per sq meter (£203 per sq foot).
The average size of a house on SANDPIPER CLOSE is 76 sq meters (824 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Close |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Croft Close |
Jan 2024 | Public order | Under investigation | On or near Croft Close |