£183,691
This estimated value is based upon the latest sale price for the house of £39,950 on 4 Dec 1998. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £39,950 | 4 Dec 1998 |
| Terraced |
| Freehold |
| Floor Area: 61 sq meters or 663 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 December 1998 the House Price Index for TYNE AND WEAR was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £39,950 results in an estimated price of approximately £183,691.
| 4 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £39,950 | £143,741 | £183,691 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | 216.949 % | £86,670 | £126,620 |
| 3 Month Average | 176.772 % | £70,620 | £110,570 |
| 6 Month Average | 184.800 % | £73,827 | £113,777 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £142,493 | £140,000 | 3 NORTH FARM AVENUE |
| 22 Aug 2023 | £171,500 | £170,000 | 62 NORTH FARM AVENUE |
| 20 Jul 2023 | £101,364 | £100,000 | 1 NORTH FARM AVENUE |
| 26 Apr 2023 | £121,256 | £119,950 | 34 GOLDSMITH ROAD |
| 12 Jan 2023 | £169,203 | £170,000 | 1 NORTHFIELD DRIVE |
This house has a floor area of 61 sq meters or 663 sq feet when measured on 30 Jan 2009. Using an estimated price of £183,691 means this house is valued at £2,981 per sq meter (£277 per sq foot).
The average size of a house on NORTHFIELD DRIVE is 87 sq meters (938 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Northfield Drive |