£432,155
This estimated value is based upon the latest sale price for the house of £119,950 on 19 Dec 2000. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£119,950 | 19 Dec 2000 |
Semi-Detached |
Leasehold |
Floor Area: 114 sq meters or 1,227 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 December 2000 the House Price Index for TYNE AND WEAR was 41.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 260.280%.Applying this 260.280% change to the original purchase price of £119,950 results in an estimated price of approximately £432,155.
19 Dec 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
41.2 | 148.6 | 260.280 % | £119,950 | £312,205 | £432,155 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 61.574 % | £73,858 | £193,808 |
3 Month Average | 142.092 % | £170,439 | £290,389 |
6 Month Average | 205.853 % | £246,920 | £366,870 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £386,716 | £379,950 | 25 MANDARIN CLOSE |
25 Aug 2023 | £262,295 | £260,000 | 17 MANGROVE CLOSE |
4 Aug 2023 | £309,709 | £307,000 | 5 COLEY HILL CLOSE |
27 Jan 2023 | £472,773 | £475,000 | 10 MANDARIN CLOSE |
27 May 2022 | £171,226 | £168,000 | 29 NORTH WALBOTTLE ROAD |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 14 Aug 2013. Using an estimated price of £432,155 means this house is valued at £3,790 per sq meter (£352 per sq foot).
The average size of a house on MALAGA CLOSE is 139 sq meters (1,496 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Anti-social behaviour | On or near Lilac Close | |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
Mar 2024 | Criminal damage and arson | Under investigation | On or near Ladybank |