£366,180
This estimated value is based upon the latest sale price for the house of £215,005 on 24 Aug 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£215,005 | 24 Aug 2012 |
Semi-Detached |
Freehold |
Floor Area: 128 sq meters or 1,384 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 August 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £215,005 results in an estimated price of approximately £366,180.
24 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 148.6 | 70.312 % | £215,005 | £151,175 | £366,180 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -4.193 % | £-9,014 | £205,990 |
3 Month Average | 21.049 % | £45,255 | £260,260 |
6 Month Average | 22.671 % | £48,744 | £263,749 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £288,268 | £284,000 | 3 NORTH DENE DRIVE |
29 Sep 2023 | £329,209 | £325,000 | 34 WILLIAM WAILES WALK |
14 Jul 2023 | £329,434 | £325,000 | 29 PARK VIEW AVENUE |
13 Mar 2023 | £309,415 | £306,500 | 245 DURHAM ROAD |
1 Jul 2022 | £255,688 | £255,000 | 249 DURHAM ROAD |
This house has a floor area of 128 sq meters or 1,384 sq feet when measured on 19 Jul 2010. Using an estimated price of £366,180 means this house is valued at £2,847 per sq meter (£264 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Summerfield Road |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Summerfield Road |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Limetrees Gardens |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Saltwell Gardens |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Enfield Road |