£183,481
This estimated value is based upon the latest sale price for the house of £147,500 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £147,500 | 22 Jun 2018 |
| £149,950 | 20 Dec 2013 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £147,500 results in an estimated price of approximately £183,481.
| 22 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £147,500 | £35,981 | £183,481 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -48.283 % | £-71,217 | £76,282 |
| 3 Month Average | 3.552 % | £5,239 | £152,739 |
| 6 Month Average | 19.073 % | £28,132 | £175,632 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jun 2023 | £212,575 | £210,000 | 77 DERWENT WATER DRIVE |
| 5 Jun 2023 | £106,287 | £105,000 | 109 DERWENT WATER DRIVE |
| 27 Jan 2023 | £239,870 | £241,000 | 12 NUNNS WAY |
| 27 May 2022 | £277,733 | £272,500 | 45 DERWENT WATER DRIVE |
| 20 May 2022 | £178,361 | £175,000 | 76 KING OSWALD DRIVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 29 Aug 2013. Using an estimated price of £183,481 means this house is valued at £2,158 per sq meter (£200 per sq foot).
The average size of a house on DERWENT WATER DRIVE is 88 sq meters (955 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Nunns Way |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Addison View |
| Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
| Mar 2024 | Anti-social behaviour | On or near Tempest Street | |
| Apr 2024 | Anti-social behaviour | On or near Stella Lane |