£151,493
This estimated value is based upon the latest sale price for the house of £120,000 on 13 Mar 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 |
---|---|
£120,000 | 13 Mar 2018 |
£107,000 | 27 Jun 2005 |
£75,000 | 30 Jan 2003 |
£41,000 | 12 Feb 1999 |
£40,000 | 11 Jun 1998 |
Terraced |
Freehold |
Floor Area: 40 sq meters or 430 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 March 2018 the House Price Index for TYNE AND WEAR was 118.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.245%.Applying this 26.245% change to the original purchase price of £120,000 results in an estimated price of approximately £151,493.
13 Mar 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.6 | 149.7 | 26.245 % | £120,000 | £31,493 | £151,493 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -36.663 % | £-43,995 | £76,004 |
3 Month Average | 34.851 % | £41,820 | £161,820 |
6 Month Average | 21.282 % | £25,538 | £145,538 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 May 2024 | £150,000 | £150,000 | 29 MEADOWFIELD |
30 Apr 2024 | £90,788 | £90,000 | 23 CHATHILL CLOSE |
5 Apr 2024 | £388,373 | £385,000 | 24 MEADOWFIELD |
7 Dec 2023 | £154,755 | £150,000 | 25 CHATHILL CLOSE |
13 Nov 2023 | £133,386 | £130,000 | 47 CHATHILL CLOSE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 6 Feb 2014. Using an estimated price of £151,494 means this house is valued at £3,787 per sq meter (£351 per sq foot).
The average size of a house on ELFORD CLOSE is 54 sq meters (589 sq feet).
This house is the smallest in the street with a floor area of 40 sq meters (430 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Gleneagles |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Birkdale |
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Birkdale |
Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Newsteads Drive |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Newsteads Drive |