£138,103
This estimated value is based upon the latest sale price for the house of £85,000 on 1 Nov 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 |
|---|---|
| £85,000 | 1 Nov 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 November 2013 the House Price Index for TYNE AND WEAR was 91.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.475%.Applying this 62.475% change to the original purchase price of £85,000 results in an estimated price of approximately £138,103.
| 1 Nov 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 148.6 | 62.475 % | £85,000 | £53,103 | £138,103 |
The Postcode Pricing Model uses changes in average sales price within the NE33 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 | -18.595 % | £-15,805 | £69,194 |
| 3 Month Average | -2.689 % | £-2,285 | £82,714 |
| 6 Month Average | 17.384 % | £14,776 | £99,776 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £97,817 | £96,500 | 2 ALBION COURT |
| 24 Mar 2023 | £146,379 | £145,000 | 33 CLAYPIT CLOSE |
| 10 Jun 2022 | £96,362 | £95,000 | 28 RIVER DRIVE |
| 26 Nov 2021 | £115,722 | £107,000 | 25 GREENS PLACE |
| 16 Nov 2021 | £173,042 | £160,000 | 49 CLAYPIT CLOSE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 13 Jun 2013. Using an estimated price of £138,104 means this house is valued at £1,891 per sq meter (£175 per sq foot).
The average size of a house on RIVER DRIVE is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Under investigation | On or near Lady'S Walk |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lady'S Walk |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lady'S Walk |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lady'S Walk |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lady'S Walk |