£253,813
This estimated value is based upon the latest sale price for the house of £163,000 on 30 Apr 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £163,000 | 30 Apr 2014 |
| £126,000 | 21 Nov 2003 |
| £57,000 | 8 Jan 1998 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,007 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 April 2014 the House Price Index for TYNE AND WEAR was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £163,000 results in an estimated price of approximately £253,813.
| 30 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £163,000 | £90,813 | £253,813 |
The Postcode Pricing Model uses changes in average sales price within the NE26 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 | 52.767 % | £86,009 | £249,009 |
| 3 Month Average | 47.094 % | £76,763 | £239,763 |
| 6 Month Average | 44.208 % | £72,059 | £235,059 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £76,127 | £75,000 | 6 ST MARTINS COURT |
| 10 Aug 2023 | £459,016 | £455,000 | 37 CRAGSIDE |
| 24 Jul 2023 | £136,842 | £135,000 | 54 WOODBURN DRIVE |
| 26 Jul 2022 | £20,055 | £20,001 | GARAGE TO THE REAR OF 72 WOODBURN DRIVE |
| 25 Jul 2022 | £370,999 | £370,000 | 95 WOODBURN DRIVE |
This house has a floor area of 93 sq meters or 1,007 sq feet when measured on 28 Feb 2012. Using an estimated price of £253,814 means this house is valued at £2,711 per sq meter (£251 per sq foot).
The average size of a house on WOODBURN DRIVE is 98 sq meters (1,063 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Rothley Way | |
| Dec 2023 | Vehicle crime | Under investigation | On or near Rothley Way |
| Jan 2024 | Anti-social behaviour | On or near Cragside | |
| Jan 2024 | Anti-social behaviour | On or near Cragside | |
| Jan 2024 | Anti-social behaviour | On or near Cragside |