£188,465
This estimated value is based upon the latest sale price for the house of £124,950 on 21 Nov 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£124,950 | 21 Nov 2014 |
£105,500 | 9 Jul 2004 |
£59,950 | 28 Jun 2002 |
£53,000 | 30 Nov 2001 |
£45,000 | 18 Dec 1998 |
£49,500 | 24 May 1996 |
Semi-Detached |
Freehold |
Floor Area: 75 sq meters or 807 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £124,950 results in an estimated price of approximately £188,465.
21 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.2 | 149.7 | 50.833 % | £124,950 | £63,515 | £188,465 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 69.863 % | £87,293 | £212,243 |
3 Month Average | 34.001 % | £42,484 | £167,434 |
6 Month Average | 20.996 % | £26,234 | £151,184 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Oct 2022 | £54,817 | £55,000 | 50 SHAFTO STREET |
24 Oct 2022 | £54,817 | £55,000 | 48 SHAFTO STREET |
24 Aug 2022 | £73,343 | £73,000 | 38 SHAFTO STREET |
8 Feb 2022 | £137,339 | £130,000 | 3 SHAFTO STREET |
14 Jan 2022 | £76,864 | £72,500 | 2 HORNSBY COURT |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 16 Sep 2014. Using an estimated price of £188,465 means this house is valued at £2,512 per sq meter (£233 per sq foot).
The average size of a house on BISHOPS CLOSE is 81 sq meters (881 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Bishops Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Bishops Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Bishops Close |
Jun 2024 | Other theft | Under investigation | On or near Bishops Close |
May 2024 | Anti-social behaviour | On or near Bishops Close |