£395,003
This estimated value is based upon the latest sale price for the house of £140,000 on 8 Jul 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There have been two burglaries within the last year on or near Sycamore Close
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Price Paid | Date |
---|---|
£140,000 | 8 Jul 2002 |
£90,000 | 5 Feb 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 July 2002 the House Price Index for TYNE AND WEAR was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £140,000 results in an estimated price of approximately £395,003.
8 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
53.1 | 149.7 | 182.145 % | £140,000 | £255,003 | £395,003 |
The Postcode Pricing Model uses changes in average sales price within the NE2 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 | 210.832 % | £295,164 | £435,164 |
3 Month Average | 129.957 % | £181,940 | £321,940 |
6 Month Average | 120.584 % | £168,817 | £308,817 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £153,907 | £150,000 | FLAT 29 WOODLAND MEWS REID PARK ROAD |
13 Oct 2023 | £298,786 | £292,000 | FLAT 2 30 SANDERSON ROAD |
6 Oct 2023 | £695,803 | £680,000 | 8 SYCAMORE CLOSE |
5 Sep 2023 | £66,465 | £65,000 | FLAT 25 WOODLAND MEWS REID PARK ROAD |
1 Aug 2023 | £651,755 | £640,000 | 2 ST GEORGES CLOSE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 23 Oct 2019. Using an estimated price of £395,004 means this house is valued at £6,475 per sq meter (£601 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,289 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Public order | Under investigation | On or near Sycamore Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Sycamore Close |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Sycamore Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Sycamore Close |
Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Sycamore Close |