£250,155
This estimated value is based upon the latest sale price for the house of £203,000 on 30 Apr 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £203,000 | 30 Apr 2018 |
| £220,000 | 27 Oct 2017 |
| £198,000 | 30 Jun 2006 |
| £59,000 | 30 Mar 1999 |
| £59,000 | 2 Jun 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 2018 the House Price Index for TYNE AND WEAR was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £203,000 results in an estimated price of approximately £250,155.
| 30 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £203,000 | £47,155 | £250,155 |
The Postcode Pricing Model uses changes in average sales price within the NE9 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 | -28.203 % | £-57,253 | £145,746 |
| 3 Month Average | -10.861 % | £-22,047 | £180,952 |
| 6 Month Average | 0.699 % | £1,418 | £204,418 |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 24 Jan 2017.
The average size of a house on SUMMERFIELD ROAD is 180 sq meters (1,938 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Summerfield Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Summerfield Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Limetrees Gardens |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Valley Drive |
| Feb 2024 | Drugs | Under investigation | On or near Valley Drive |