£530,973
This estimated value is based upon the latest sale price for the house of £323,000 on 5 Sep 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £323,000 | 5 Sep 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 140 sq meters or 1,506 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 September 2013 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.388%.Applying this 64.388% change to the original purchase price of £323,000 results in an estimated price of approximately £530,973.
| 5 Sep 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.6 | 64.388 % | £323,000 | £207,973 | £530,973 |
The Postcode Pricing Model uses changes in average sales price within the NE30 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 | 27.253 % | £88,026 | £411,026 |
| 3 Month Average | 14.627 % | £47,245 | £370,245 |
| 6 Month Average | 21.540 % | £69,573 | £392,573 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £110,384 | £108,750 | FLAT 4 40 PERCY PARK |
| 9 Nov 2023 | £431,387 | £425,000 | FLAT 3 50 PERCY PARK |
| 1 Aug 2023 | £600,251 | £595,000 | 16 ABBEY DRIVE |
| 15 Jun 2023 | £659,995 | £652,000 | 34 PARKSIDE CRESCENT |
| 31 Mar 2023 | £222,092 | £220,000 | 39 PERCY PARK |
This house has a floor area of 140 sq meters or 1,506 sq feet when measured on 8 May 2013. Using an estimated price of £530,974 means this house is valued at £3,792 per sq meter (£352 per sq foot).
The average size of a house on ABBEY DRIVE is 150 sq meters (1,622 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Abbey Drive |
| Dec 2023 | Public order | Under investigation | On or near Abbey Drive |