£487,562
This estimated value is based upon the latest sale price for the house of £287,500 on 1 Jun 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £287,500 | 1 Jun 2010 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,232 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 2010 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.587%.Applying this 69.587% change to the original purchase price of £287,500 results in an estimated price of approximately £487,562.
| 1 Jun 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.587 % | £287,500 | £200,062 | £487,562 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | 7.953 % | £22,865 | £310,365 |
| 3 Month Average | 2.205 % | £6,340 | £293,840 |
| 6 Month Average | 18.958 % | £54,505 | £342,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £336,300 | £332,000 | 55 KENTON LANE |
| 26 Apr 2023 | £234,525 | £232,000 | 56 ROKEBY DRIVE |
| 3 Feb 2023 | £322,283 | £322,500 | 44 KENTON LANE |
| 10 Aug 2022 | £259,302 | £260,000 | 32 KENTON LANE |
| 24 May 2022 | £185,495 | £182,000 | 19 FERRYDENE AVENUE |
This house has a floor area of 114 sq meters or 1,232 sq feet when measured on 19 Feb 2010. Using an estimated price of £487,563 means this house is valued at £4,259 per sq meter (£395 per sq foot).
The average size of a house on ROKEBY DRIVE is 131 sq meters (1,412 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rokeby Drive |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rokeby Drive |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Ferrydene Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Brookvale Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Brookvale Avenue |