£697,106
This estimated value is based upon the latest sale price for the house of £550,000 on 29 Sep 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £550,000 | 29 Sep 2017 |
| Freehold |
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 2017 the House Price Index for TYNE AND WEAR was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £550,000 results in an estimated price of approximately £697,106.
| 29 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £550,000 | £147,106 | £697,106 |
The Postcode Pricing Model uses changes in average sales price within the SR2 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 | -26.448 % | £-145,461 | £404,538 |
| 3 Month Average | -4.455 % | £-24,502 | £525,497 |
| 6 Month Average | -5.190 % | £-28,545 | £521,454 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £172,635 | £171,125 | 5 MARINE DRIVE |
| 31 Jul 2023 | £140,846 | £138,950 | 6 TARN DRIVE |
| 9 Jun 2023 | £129,569 | £128,000 | 3 TARN DRIVE |
| 18 Feb 2022 | £199,252 | £190,000 | 4 MARINE DRIVE |
| 10 Dec 2021 | £3,099 | £2,893 | 11 TARN DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shopping Area |
| Mar 2024 | Shoplifting | Under investigation | On or near B1522 |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near B1522 |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near B1522 |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near B1522 |