£224,074
This estimated value is based upon the latest sale price for the house of £130,000 on 19 Dec 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £130,000 | 19 Dec 2011 |
| Terraced |
| Leasehold |
| Floor Area: 81 sq meters or 880 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 2011 the House Price Index for TYNE AND WEAR was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £130,000 results in an estimated price of approximately £224,074.
| 19 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £130,000 | £94,074 | £224,074 |
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 | 25.879 % | £33,643 | £163,643 |
| 3 Month Average | 5.766 % | £7,496 | £137,496 |
| 6 Month Average | 13.305 % | £17,296 | £147,296 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £197,660 | £195,000 | 1 CORRY COURT |
| 25 Jul 2023 | £226,803 | £223,750 | 54 KILLINGWORTH DRIVE |
| 27 Feb 2023 | £224,849 | £225,000 | 33 SOUTHMAYNE ROAD |
| 18 Jan 2023 | £184,133 | £185,000 | 15 NORWAY AVENUE |
| 10 Jun 2022 | £209,967 | £207,000 | 58 KILLINGWORTH DRIVE |
This house has a floor area of 81 sq meters or 880 sq feet when measured on 2 Aug 2011. Using an estimated price of £224,074 means this house is valued at £2,738 per sq meter (£254 per sq foot).
The average size of a house on KILLINGWORTH DRIVE is 98 sq meters (1,056 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wavendon Crescent |
| Feb 2024 | Other crime | Awaiting court outcome | On or near Springwell Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Place |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Melbourne Place |
| Jan 2024 | Drugs | Under investigation | On or near Melbourne Place |