£328,314
This estimated value is based upon the latest sale price for the house of £306,000 on 28 Jun 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£306,000 | 28 Jun 2021 |
£148,000 | 31 Oct 2003 |
Detached |
Freehold |
Floor Area: 102 sq meters or 1,098 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 2021 the House Price Index for TYNE AND WEAR was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £306,000 results in an estimated price of approximately £328,314.
28 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.5 | 148.6 | 7.292 % | £306,000 | £22,314 | £328,314 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | -1.828 % | £-5,594 | £300,405 |
3 Month Average | -19.007 % | £-58,161 | £247,838 |
6 Month Average | -14.616 % | £-44,723 | £261,276 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £274,808 | £270,000 | 79 SUTHERLAND DRIVE |
15 Jun 2023 | £94,646 | £93,500 | 9 SUTHERLAND DRIVE |
3 Mar 2023 | £321,024 | £318,000 | 49 SUTHERLAND DRIVE |
17 Feb 2023 | £84,943 | £85,000 | 5 SUTHERLAND DRIVE |
12 Jul 2022 | £6,402 | £6,385 | 2 LOTHIAN CLOSE |
This house has a floor area of 102 sq meters or 1,098 sq feet when measured on 22 Aug 2009. Using an estimated price of £328,315 means this house is valued at £3,215 per sq meter (£298 per sq foot).
The average size of a house on SUTHERLAND DRIVE is 107 sq meters (1,156 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Nairn Close |
Jan 2024 | Other theft | Under investigation | On or near Nairn Close |
Jan 2024 | Other crime | Under investigation | On or near Nairn Close |
Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Broadstairs Court |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Broadstairs Court |