£81,044
This estimated value is based upon the latest sale price for the house of £60,000 on 22 Mar 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 |
|---|---|
| £60,000 | 22 Mar 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 548 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 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £60,000 results in an estimated price of approximately £81,044.
| 22 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £60,000 | £21,044 | £81,044 |
The Postcode Pricing Model uses changes in average sales price within the NE37 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 | -16.276 % | £-9,765 | £50,234 |
| 3 Month Average | -8.335 % | £-5,000 | £54,999 |
| 6 Month Average | 16.361 % | £9,816 | £69,816 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £40,490 | £40,000 | 14 MARDALE |
| 6 Apr 2023 | £74,805 | £74,000 | 8 FELL CLOSE |
| 24 Feb 2023 | £139,856 | £139,950 | 9 WHINWAY |
| 26 Aug 2022 | £56,847 | £57,000 | 14 BRACKENWAY |
| 16 May 2022 | £50,909 | £49,950 | 27 FELL CLOSE |
This house has a floor area of 51 sq meters or 548 sq feet when measured on 30 Apr 2014. Using an estimated price of £81,044 means this house is valued at £1,589 per sq meter (£147 per sq foot).
The average size of a house on FELL CLOSE is 56 sq meters (607 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Whinway |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Moorside |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Moorside |
| Mar 2024 | Shoplifting | Awaiting court outcome | On or near Moorside |
| Mar 2024 | Vehicle crime | Under investigation | On or near Moorside |