£349,815
This estimated value is based upon the latest sale price for the house of £225,000 on 8 Oct 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £225,000 | 8 Oct 2007 |
| £73,000 | 24 Jul 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 October 2007 the House Price Index for TYNE AND WEAR was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £225,000 results in an estimated price of approximately £349,815.
| 8 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £225,000 | £124,815 | £349,815 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 33.497 % | £75,367 | £300,367 |
| 3 Month Average | 27.728 % | £62,388 | £287,388 |
| 6 Month Average | 20.539 % | £46,213 | £271,213 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £179,693 | £178,000 | 7 COTHERSTONE COURT |
| 31 Jan 2023 | £240,368 | £241,500 | 3 BARRAS DRIVE |
| 1 Aug 2022 | £189,490 | £190,000 | 7 BOWBANK CLOSE |
| 1 Jul 2022 | £193,020 | £192,500 | 3 FROSTERLEY GARDENS |
| 10 Jun 2022 | £233,297 | £230,000 | 4 BOWBANK CLOSE |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 3 Feb 2015. Using an estimated price of £349,815 means this house is valued at £2,572 per sq meter (£238 per sq foot).
The average size of a house on BOLLIHOPE DRIVE is 141 sq meters (1,524 sq feet).
This house is the largest in the street with a floor area of 136 sq meters (1,463 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wilden Court |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Copley Drive |
| Jan 2024 | Possession of weapons | Under investigation | On or near Copley Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Witton Court |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Bamburgh Gardens |