£121,847
This estimated value is based upon the latest sale price for the house of £26,500 on 18 Dec 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £26,500 | 18 Dec 1998 |
| Terraced |
| Freehold |
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 December 1998 the House Price Index for TYNE AND WEAR was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £26,500 results in an estimated price of approximately £121,847.
| 18 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £26,500 | £95,347 | £121,847 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 175.439 % | £46,491 | £72,991 |
| 3 Month Average | 226.441 % | £60,006 | £86,506 |
| 6 Month Average | 261.294 % | £69,242 | £95,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £102,518 | £101,000 | 30 CHESSAR AVENUE |
| 3 Nov 2023 | £142,104 | £140,000 | 7 HISTON COURT |
| 8 Aug 2023 | £90,794 | £90,000 | 27 DRUMSHEUGH PLACE |
| 4 Feb 2022 | £110,113 | £105,000 | 78 YATESBURY AVENUE |
| 10 Dec 2021 | £110,352 | £103,000 | 19 DRUMSHEUGH PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Drumsheugh Place |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Drumsheugh Place |