£507,596
This estimated value is based upon the latest sale price for the house of £406,950 on 8 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 |
---|---|
£406,950 | 8 May 2018 |
Detached |
Freehold |
Floor Area: 181 sq meters or 1,948 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 £406,950 results in an estimated price of approximately £507,596.
8 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.1 | 148.6 | 24.732 % | £406,950 | £100,646 | £507,596 |
The Postcode Pricing Model uses changes in average sales price within the NE13 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 | 82.647 % | £336,332 | £743,282 |
3 Month Average | 13.381 % | £54,454 | £461,404 |
6 Month Average | 6.023 % | £24,509 | £431,459 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Jun 2023 | £240,918 | £238,000 | 4 WILLOWBAY DRIVE |
11 Apr 2023 | £545,878 | £540,000 | 9 ASHWOOD CLOSE |
17 Aug 2022 | £241,350 | £242,000 | 49 WILLOWBAY DRIVE |
14 Jun 2022 | £436,164 | £430,000 | 15 BIRCHWOOD CHASE |
19 Nov 2021 | £213,599 | £197,500 | 115 WILLOWBAY DRIVE |
This house has a floor area of 181 sq meters or 1,948 sq feet when measured on 20 Jul 2017. Using an estimated price of £507,597 means this house is valued at £2,804 per sq meter (£260 per sq foot).
The average size of a house on SIR BOBBY ROBSON WAY is 143 sq meters (1,549 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
Feb 2024 | Anti-social behaviour | On or near Sir Bobby Robson Way | |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sir Bobby Robson Way |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sir Bobby Robson Way |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Willowbay Drive |