£147,436
This estimated value is based upon the latest sale price for the house of £118,000 on 23 Feb 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 |
|---|---|
| £118,000 | 23 Feb 2018 |
| £119,950 | 27 Jan 2010 |
| £90,000 | 15 Dec 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 February 2018 the House Price Index for TYNE AND WEAR was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £118,000 results in an estimated price of approximately £147,436.
| 23 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £118,000 | £29,436 | £147,436 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -13.077 % | £-15,430 | £102,569 |
| 3 Month Average | 12.732 % | £15,023 | £133,023 |
| 6 Month Average | 13.589 % | £16,034 | £134,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £197,930 | £195,000 | 5 THE WAREHOUSE WELL LANE |
| 27 Jun 2023 | £151,839 | £150,000 | 541 - 543 DURHAM ROAD |
| 27 Jun 2023 | £86,042 | £85,000 | 537 DURHAM ROAD |
| 22 Jun 2023 | £409,966 | £405,000 | 482 DURHAM ROAD |
| 9 Feb 2023 | £164,889 | £165,000 | 503 DURHAM ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 10 Jul 2019. Using an estimated price of £147,436 means this house is valued at £1,602 per sq meter (£148 per sq foot).
The average size of a house on DURHAM ROAD is 125 sq meters (1,350 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Durham Road |
| Jan 2024 | Anti-social behaviour | On or near Durham Road | |
| Feb 2024 | Anti-social behaviour | On or near Well Lane |