£262,593
This estimated value is based upon the latest sale price for the house of £204,950 on 30 Jun 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 |
---|---|
£204,950 | 30 Jun 2017 |
Detached |
Freehold |
Floor Area: 89 sq meters or 957 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 2017 the House Price Index for TYNE AND WEAR was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £204,950 results in an estimated price of approximately £262,593.
30 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 148.6 | 28.126 % | £204,950 | £57,643 | £262,593 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | 6.600 % | £13,526 | £218,476 |
3 Month Average | 14.060 % | £28,816 | £233,766 |
6 Month Average | 22.836 % | £46,802 | £251,752 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Sep 2023 | £72,933 | £72,000 | 2 DRYDEN CLOSE |
27 Jul 2023 | £106,432 | £105,000 | 18 BURNS CLOSE |
3 Feb 2023 | £199,866 | £200,000 | 53 BRONTE WAY |
21 Oct 2022 | £149,639 | £151,250 | 35 CHRISTIE CLOSE |
26 Aug 2022 | £107,211 | £107,500 | 8 DRYDEN CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 22 Jun 2017. Using an estimated price of £262,593 means this house is valued at £2,950 per sq meter (£274 per sq foot).
The average size of a house on WOOLF DRIVE is 88 sq meters (954 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Orwell Close |