£120,459
This estimated value is based upon the latest sale price for the house of £97,500 on 28 Jun 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £97,500 | 28 Jun 2019 |
| £70,000 | 22 Aug 2013 |
| £79,000 | 18 Jul 2005 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £97,500 results in an estimated price of approximately £120,459.
| 28 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £97,500 | £22,959 | £120,459 |
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 | 10.808 % | £10,537 | £108,037 |
| 3 Month Average | 0.881 % | £859 | £98,359 |
| 6 Month Average | 13.210 % | £12,879 | £110,379 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £137,029 | £135,000 | 26 BATHGATE CLOSE |
| 30 Jun 2023 | £96,165 | £95,000 | 13 BOWNESS AVENUE |
| 23 Jun 2023 | £121,471 | £120,000 | 15 BODMIN CLOSE |
| 16 Jun 2023 | £58,711 | £58,000 | 37 BROXBURN CLOSE |
| 1 Jul 2022 | £132,356 | £132,000 | 32 BOWNESS AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 14 Dec 2018. Using an estimated price of £120,460 means this house is valued at £1,384 per sq meter (£128 per sq foot).
There is one other house on the street which we know the size of, this is 5 BRIGHTON CLOSE it is 105.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Broxburn Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Broxburn Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Broxburn Close |