£96,025
This estimated value is based upon the latest sale price for the house of £32,950 on 3 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £32,950 | 3 May 2002 |
| £18,500 | 1 Jun 2001 |
| Terraced |
| Freehold |
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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £32,950 results in an estimated price of approximately £96,025.
| 3 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £32,950 | £63,075 | £96,025 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 234.505 % | £77,269 | £110,219 |
| 3 Month Average | 208.723 % | £68,774 | £101,724 |
| 6 Month Average | 255.111 % | £84,059 | £117,009 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £128,753 | £126,500 | 26 CARNFORTH CLOSE |
| 30 Nov 2023 | £246,144 | £242,500 | 45 LANCASTER DRIVE |
| 2 Jun 2023 | £232,820 | £230,000 | 1 LYTHAM CLOSE |
| 27 Jan 2023 | £142,330 | £143,000 | 105 CHELFORD CLOSE |
| 13 Jan 2023 | £129,390 | £130,000 | 94 CHELFORD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Carnforth Close |
| Apr 2024 | Anti-social behaviour | On or near Lancaster Drive | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chelford Close |
| Apr 2024 | Anti-social behaviour | On or near Arden Close | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Arden Close |