£256,687
This estimated value is based upon the latest sale price for the house of £155,000 on 20 Sep 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,000 | 20 Sep 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 September 2013 the House Price Index for TYNE AND WEAR was 90.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.605%.Applying this 65.605% change to the original purchase price of £155,000 results in an estimated price of approximately £256,687.
| 20 Sep 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 149.7 | 65.605 % | £155,000 | £101,687 | £256,687 |
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 | -22.249 % | £-34,486 | £120,513 |
| 3 Month Average | 42.633 % | £66,080 | £221,080 |
| 6 Month Average | 35.969 % | £55,752 | £210,752 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jun 2024 | £278,000 | £278,000 | 21 GRANGE PARK |
| 15 Dec 2023 | £272,627 | £264,250 | 23 FAIRFIELD DRIVE |
| 13 Sep 2023 | £373,227 | £365,000 | 69 GRANGE PARK |
| 30 Jun 2023 | £250,010 | £245,000 | 36 GRANGE PARK |
| 27 Jun 2023 | £275,521 | £270,000 | 49 FAIRFIELD DRIVE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 12 Jun 2013. Using an estimated price of £256,688 means this house is valued at £3,666 per sq meter (£340 per sq foot).
The average size of a house on GREEN CLOSE is 115 sq meters (1,243 sq feet).
This house is the smallest in the street with a floor area of 70 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other crime | Under investigation | On or near Green Close |
| May 2024 | Violence and sexual offences | Under investigation | On or near Green Close |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Green Square |
| Jun 2024 | Anti-social behaviour | On or near Middle Green | |
| Jun 2024 | Anti-social behaviour | On or near Middle Green |