£98,818
This estimated value is based upon the latest sale price for the house of £75,000 on 25 Nov 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £75,000 | 25 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 November 2016 the House Price Index for TYNE AND WEAR was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £75,000 results in an estimated price of approximately £98,818.
| 25 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £75,000 | £23,818 | £98,818 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | 16.419 % | £12,314 | £87,314 |
| 3 Month Average | 17.321 % | £12,990 | £87,990 |
| 6 Month Average | 14.873 % | £11,155 | £86,155 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £101,781 | £100,000 | 32 RAVENSWORTH AVENUE |
| 22 Nov 2023 | £60,902 | £60,000 | 36 ROSE AVENUE |
| 1 Sep 2023 | £82,049 | £81,000 | 46 EWE HILL TERRACE |
| 10 Aug 2023 | £80,706 | £80,000 | 32 ROSE AVENUE |
| 6 Jul 2023 | £66,900 | £66,000 | 83 ROSE AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 27 May 2016. Using an estimated price of £98,818 means this house is valued at £1,122 per sq meter (£104 per sq foot).
The average size of a house on RABY CLOSE is 112 sq meters (1,210 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Raby Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Raby Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ravensworth Avenue |
| Apr 2024 | Anti-social behaviour | On or near Brancepeth Avenue | |
| Apr 2024 | Violence and sexual offences | Awaiting court outcome | On or near Avenue Vivian |