£250,632
This estimated value is based upon the latest sale price for the house of £145,000 on 12 Aug 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £145,000 | 12 Aug 2011 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 628 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 August 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £145,000 results in an estimated price of approximately £250,632.
| 12 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £145,000 | £105,632 | £250,632 |
The Postcode Pricing Model uses changes in average sales price within the DH5 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 | -17.138 % | £-24,850 | £120,149 |
| 3 Month Average | -3.651 % | £-5,293 | £139,706 |
| 6 Month Average | -1.926 % | £-2,792 | £142,207 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £119,103 | £117,500 | 19 MOUNT PLEASANT |
| 27 Jun 2023 | £121,471 | £120,000 | 13 NORMANDY CRESCENT |
| 17 Mar 2023 | £90,806 | £89,950 | 26 JOHN STREET |
| 20 Jan 2023 | £54,742 | £55,000 | 2 SPRING DRIVE |
| 25 Nov 2022 | £82,007 | £83,000 | 38 JOHN STREET |
This house has a floor area of 58 sq meters or 628 sq feet when measured on 30 Mar 2011. Using an estimated price of £250,633 means this house is valued at £4,291 per sq meter (£398 per sq foot).
The average size of a house on SPRING DRIVE is 79 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Spring Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Holywell Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Holywell Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Holywell Road |
| Mar 2024 | Other crime | Under investigation | On or near Kingsway |