£314,815
This estimated value is based upon the latest sale price for the house of £290,000 on 30 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£290,000 | 30 Sep 2021 |
£266,945 | 26 Jun 2019 |
Detached |
Freehold |
Floor Area: 114 sq meters or 1,227 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £290,000 results in an estimated price of approximately £314,815.
30 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 149.7 | 8.557 % | £290,000 | £24,815 | £314,815 |
The Postcode Pricing Model uses changes in average sales price within the NE31 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 | 38.762 % | £112,409 | £402,409 |
3 Month Average | 8.381 % | £24,305 | £314,305 |
6 Month Average | -8.738 % | £-25,339 | £264,660 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Apr 2024 | £383,329 | £380,000 | 85 HOLMES DRIVE |
15 Aug 2023 | £361,520 | £355,000 | 11 WOLLASTON WAY |
6 Apr 2023 | £387,243 | £380,000 | 21 BRUCE DRIVE |
24 Feb 2023 | £216,446 | £215,000 | 17 BRUCE DRIVE |
21 Oct 2022 | £212,291 | £213,000 | 15 BRUCE DRIVE |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 10 May 2019. Using an estimated price of £314,815 means this house is valued at £2,761 per sq meter (£256 per sq foot).
The average size of a house on HOLMES DRIVE is 107 sq meters (1,154 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Anti-social behaviour | On or near Wollaston Way | |
Jun 2024 | Anti-social behaviour | On or near Wollaston Way | |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wollaston Way |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Wollaston Way |
Apr 2024 | Other crime | Under investigation | On or near Wollaston Way |