£86,277
This estimated value is based upon the latest sale price for the house of £85,000 on 23 Jan 2024. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £85,000 | 23 Jan 2024 |
| £81,500 | 9 Aug 2019 |
| £83,000 | 26 Jan 2015 |
| £105,000 | 7 Jan 2008 |
| £74,950 | 17 Apr 2003 |
| £36,950 | 22 Oct 1999 |
| £34,750 | 17 Jan 1997 |
| £33,500 | 15 Dec 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 January 2024 the House Price Index for TYNE AND WEAR was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £85,000 results in an estimated price of approximately £86,277.
| 23 Jan 2024 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £85,000 | £1,277 | £86,277 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 13.744 % | £11,682 | £96,682 |
| 3 Month Average | 18.137 % | £15,416 | £100,416 |
| 6 Month Average | -1.960 % | £-1,665 | £83,334 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £167,938 | £165,000 | 61 CHAUCER CLOSE |
| 20 Jun 2023 | £48,589 | £48,000 | 18 BLAKE WALK |
| 3 Apr 2023 | £103,616 | £102,500 | 74 CHAUCER CLOSE |
| 5 Aug 2022 | £99,732 | £100,000 | 37 CHAUCER CLOSE |
| 1 Jul 2022 | £92,750 | £92,500 | 91 CHAUCER CLOSE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 13 Jun 2018.
The average size of a house on CHAUCER CLOSE is 61 sq meters (661 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Shelley Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Shelley Drive |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Shelley Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Shelley Drive |