£106,526
This estimated value is based upon the latest sale price for the house of £80,000 on 21 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £80,000 | 21 Jul 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 94 sq meters or 1,011 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 July 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £80,000 results in an estimated price of approximately £106,526.
| 21 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £80,000 | £26,526 | £106,526 |
The Postcode Pricing Model uses changes in average sales price within the NE34 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 | -14.765 % | £-11,812 | £68,187 |
| 3 Month Average | 5.606 % | £4,485 | £84,485 |
| 6 Month Average | 10.568 % | £8,454 | £88,454 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jul 2023 | £136,842 | £135,000 | 164 ASHGROVE AVENUE |
| 18 Jan 2023 | £149,297 | £150,000 | 37 ROWAN DRIVE |
| 5 Aug 2022 | £144,611 | £145,000 | 64 HAWTHORNE AVENUE |
| 7 Jun 2022 | £187,652 | £185,000 | 45 HAWTHORNE AVENUE |
| 13 Apr 2022 | £98,861 | £96,000 | 47 THE RIDGEWAY |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 12 Jan 2016. Using an estimated price of £106,526 means this house is valued at £1,133 per sq meter (£105 per sq foot).
The average size of a house on ROWAN DRIVE is 85 sq meters (918 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Rowan Drive | |
| Mar 2024 | Anti-social behaviour | On or near Rowan Drive | |
| Mar 2024 | Anti-social behaviour | On or near Rowan Drive | |
| Mar 2024 | Anti-social behaviour | On or near Rowan Drive | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Rowan Drive |