£71,363
This estimated value is based upon the latest sale price for the house of £65,500 on 1 Nov 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 |
|---|---|
| £65,500 | 1 Nov 2021 |
| £35,000 | 12 Jan 1998 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £65,500 results in an estimated price of approximately £71,363.
| 1 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £65,500 | £5,863 | £71,363 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -25.978 % | £-17,015 | £48,484 |
| 3 Month Average | -7.726 % | £-5,060 | £60,439 |
| 6 Month Average | -10.278 % | £-6,732 | £58,767 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £247,609 | £240,000 | 31 AUCKLAND CLOSE |
| 16 Jun 2023 | £120,413 | £118,000 | 2 OSMAN TERRACE |
| 28 Apr 2023 | £202,284 | £198,500 | 15 AUCKLAND CLOSE |
| 20 Feb 2023 | £73,491 | £73,000 | 32 ELLESMERE CLOSE |
| 24 Oct 2022 | £209,301 | £210,000 | OAKVILLE SEDGELETCH ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 27 Sep 2021. Using an estimated price of £71,364 means this house is valued at £706 per sq meter (£65 per sq foot).
There is one other house on the street which we know the size of, this is 2 OSMAN TERRACE it is 89.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Blackthorn Way | |
| Jun 2024 | Anti-social behaviour | On or near Blackthorn Way | |
| Jun 2024 | Anti-social behaviour | On or near Blackthorn Way | |
| Jun 2024 | Anti-social behaviour | On or near Blackthorn Way | |
| Jun 2024 | Anti-social behaviour | On or near Blackthorn Way |