£308,181
This estimated value is based upon the latest sale price for the house of £99,950 on 18 Jan 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £99,950 | 18 Jan 2002 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2002 the House Price Index for TYNE AND WEAR was 47.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 208.336%.Applying this 208.336% change to the original purchase price of £99,950 results in an estimated price of approximately £308,181.
| 18 Jan 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 47.6 | 146.7 | 208.336 % | £99,950 | £208,231 | £308,181 |
The Postcode Pricing Model uses changes in average sales price within the NE11 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 | 141.020 % | £140,949 | £240,899 |
| 3 Month Average | 157.393 % | £157,314 | £257,264 |
| 6 Month Average | 190.352 % | £190,256 | £290,206 |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 5 Feb 2019.
The average size of a house on CORMORANT DRIVE is 78 sq meters (842 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Staithes Road |
| Mar 2024 | Anti-social behaviour | On or near Staithes Road | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Railway Street |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Railway Street |