£185,510
This estimated value is based upon the latest sale price for the house of £149,950 on 23 Mar 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 |
---|---|
£149,950 | 23 Mar 2018 |
£149,950 | 22 Nov 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.715%.Applying this 23.715% change to the original purchase price of £149,950 results in an estimated price of approximately £185,510.
23 Mar 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 146.7 | 23.715 % | £149,950 | £35,560 | £185,510 |
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 | 68.063 % | £102,059 | £252,009 |
3 Month Average | 38.157 % | £57,216 | £207,166 |
6 Month Average | 31.612 % | £47,402 | £197,352 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 25 Nov 2013.
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 | |
Feb 2024 | Other theft | Under investigation | On or near Storey Lane |
Jan 2024 | Anti-social behaviour | On or near Stella Lane |