£240,367
This estimated value is based upon the latest sale price for the house of £241,500 on 31 Jan 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £241,500 | 31 Jan 2023 |
| £192,000 | 27 Nov 2020 |
| £185,000 | 7 Jul 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 January 2023 the House Price Index for TYNE AND WEAR was 149.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.469%.Applying this -0.469% change to the original purchase price of £241,500 results in an estimated price of approximately £240,367.
| 31 Jan 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 148.6 | -0.469 % | £241,500 | £-1,132 | £240,367 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 11.300 % | £27,289 | £268,789 |
| 3 Month Average | -1.030 % | £-2,488 | £239,011 |
| 6 Month Average | -0.305 % | £-737 | £240,762 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £197,930 | £195,000 | 12 WILDEN COURT |
| 31 Mar 2023 | £179,693 | £178,000 | 7 COTHERSTONE COURT |
| 31 Jan 2023 | £240,368 | £241,500 | 3 BARRAS DRIVE |
| 1 Aug 2022 | £189,490 | £190,000 | 7 BOWBANK CLOSE |
| 24 Jun 2022 | £213,010 | £210,000 | 17 WILDEN COURT |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 5 Mar 2015. Using an estimated price of £240,368 means this house is valued at £1,922 per sq meter (£178 per sq foot).
The average size of a house on BARRAS DRIVE is 158 sq meters (1,701 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wilden Court |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Bamburgh Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Elstob Place |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Elstob Place |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Copley Drive |