£278,864
This estimated value is based upon the latest sale price for the house of £54,000 on 11 Apr 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £54,000 | 11 Apr 1997 |
| £54,000 | 11 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 647 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 April 1997 the House Price Index for TYNE AND WEAR was 28.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 416.416%.Applying this 416.416% change to the original purchase price of £54,000 results in an estimated price of approximately £278,864.
| 11 Apr 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 146.7 | 416.416 % | £54,000 | £224,864 | £278,864 |
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 | 158.945 % | £85,830 | £139,830 |
| 3 Month Average | 185.832 % | £100,349 | £154,349 |
| 6 Month Average | 197.397 % | £106,594 | £160,594 |
This house has a floor area of 60 sq meters or 647 sq feet when measured on 3 Sep 2010.
The average size of a house on BRAEMAR DRIVE is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road | |
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road | |
| Jan 2024 | Anti-social behaviour | On or near Hemsley Road | |
| Mar 2024 | Drugs | Under investigation | On or near Callum Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Callum Drive |