£424,022
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Jun 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 |
---|---|
£250,000 | 29 Jun 2012 |
Semi-Detached |
Freehold |
Floor Area: 137 sq meters or 1,474 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 June 2012 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.609%.Applying this 69.609% change to the original purchase price of £250,000 results in an estimated price of approximately £424,022.
29 Jun 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.6 | 148.6 | 69.609 % | £250,000 | £174,022 | £424,022 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -21.911 % | £-54,778 | £195,221 |
3 Month Average | 14.951 % | £37,377 | £287,377 |
6 Month Average | 15.212 % | £38,029 | £288,029 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Nov 2023 | £279,133 | £275,000 | 6 BEAR PARK CLOSE |
7 Jul 2023 | £223,001 | £220,000 | 136 WHITWORTH PARK DRIVE |
11 Jan 2023 | £199,062 | £200,000 | 2 RAVENSWORTH PARK |
9 Nov 2022 | £148,205 | £150,000 | 38 WHITWORTH PARK DRIVE |
28 Jul 2022 | £290,783 | £290,000 | 8 BEAR PARK CLOSE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 3 Feb 2012. Using an estimated price of £424,023 means this house is valued at £3,094 per sq meter (£287 per sq foot).
The average size of a house on TWIZELL BURN is 138 sq meters (1,492 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tudhoe Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Waterhouses |
Mar 2024 | Vehicle crime | Under investigation | On or near Birkdale Drive |
Mar 2024 | Anti-social behaviour | On or near Burnhope Way | |
Mar 2024 | Vehicle crime | Under investigation | On or near Burnhope Way |