£400,030
This estimated value is based upon the latest sale price for the house of £302,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £302,000 | 28 Oct 2016 |
| £305,000 | 2 Oct 2009 |
| Semi-Detached |
| Leasehold |
| Floor Area: 180 sq meters or 1,939 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 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £302,000 results in an estimated price of approximately £400,030.
| 28 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.6 | 32.461 % | £302,000 | £98,030 | £400,030 |
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 | 42.801 % | £129,259 | £431,259 |
| 3 Month Average | 16.814 % | £50,778 | £352,778 |
| 6 Month Average | 13.775 % | £41,599 | £343,599 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £237,881 | £235,000 | 143 SEVENOAKS DRIVE |
| 30 Sep 2022 | £411,676 | £415,000 | 5 THE GRANARIES OFFERTON |
| 17 Jun 2022 | £147,079 | £145,000 | 154 SEVENOAKS DRIVE |
| 12 May 2022 | £160,525 | £157,500 | 5 CHALFONT GROVE |
| 29 Apr 2022 | £181,245 | £176,000 | 116 SEVENOAKS DRIVE |
This house has a floor area of 180 sq meters or 1,939 sq feet when measured on 28 Jan 2009. Using an estimated price of £400,031 means this house is valued at £2,219 per sq meter (£206 per sq foot).
The average size of a house on OFFERTON is 196 sq meters (2,113 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near The Granaries | |
| Mar 2024 | Anti-social behaviour | On or near The Granaries |