£144,112
This estimated value is based upon the latest sale price for the house of £115,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£115,000 | 22 Jun 2018 |
£170,000 | 28 Feb 2012 |
Semi-Detached |
Leasehold |
Floor Area: 136 sq meters or 1,463 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 June 2018 the House Price Index for TYNE AND WEAR was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £115,000 results in an estimated price of approximately £144,112.
22 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 149.7 | 25.315 % | £115,000 | £29,112 | £144,112 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | -46.535 % | £-53,514 | £61,485 |
3 Month Average | 11.338 % | £13,038 | £128,038 |
6 Month Average | 22.557 % | £25,940 | £140,940 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Aug 2023 | £118,131 | £116,000 | 37 STIRLING DRIVE |
10 Aug 2023 | £101,786 | £99,950 | 14 LANGHOLM AVENUE |
4 Aug 2023 | £246,954 | £242,500 | 8 LANARK CLOSE |
21 Apr 2023 | £236,932 | £232,500 | 6 MOFFAT CLOSE |
17 Mar 2023 | £269,501 | £265,000 | 26 STIRLING DRIVE |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 5 Jun 2014. Using an estimated price of £144,112 means this house is valued at £1,059 per sq meter (£98 per sq foot).
The average size of a house on MOFFAT CLOSE is 97 sq meters (1,046 sq feet).
This house is the largest in the street with a floor area of 136 sq meters (1,463 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Moffat Close |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close | |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close | |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close | |
Apr 2024 | Anti-social behaviour | On or near Renfrew Close |