£158,021
This estimated value is based upon the latest sale price for the house of £31,500 on 21 Jul 1997. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £31,500 | 21 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 July 1997 the House Price Index for TYNE AND WEAR was 29.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 401.654%.Applying this 401.654% change to the original purchase price of £31,500 results in an estimated price of approximately £158,021.
| 21 Jul 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 146.7 | 401.654 % | £31,500 | £126,521 | £158,021 |
The Postcode Pricing Model uses changes in average sales price within the NE12 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 | 148.371 % | £46,736 | £78,236 |
| 3 Month Average | 220.818 % | £69,557 | £101,057 |
| 6 Month Average | 233.537 % | £73,564 | £105,064 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 25 Aug 2020.
The average size of a house on ARMSTRONG DRIVE is 110 sq meters (1,186 sq feet).
This house is the smallest in the street with a floor area of 70 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Armstrong Drive |
| Jan 2024 | Anti-social behaviour | On or near Armstrong Drive | |
| Jan 2024 | Anti-social behaviour | On or near Armstrong Drive | |
| Jan 2024 | Anti-social behaviour | On or near Armstrong Drive | |
| Jan 2024 | Anti-social behaviour | On or near Armstrong Drive |