£307,967
This estimated value is based upon the latest sale price for the house of £266,000 on 5 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£266,000 | 5 Jul 2021 |
£190,000 | 9 Jul 2004 |
£95,000 | 24 Nov 2000 |
Detached |
Freehold |
Floor Area: 186 sq meters or 2,002 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £266,000 results in an estimated price of approximately £307,967.
5 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.3 | 149.7 | 15.777 % | £266,000 | £41,967 | £307,967 |
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 | -49.418 % | £-131,452 | £134,547 |
3 Month Average | -21.009 % | £-55,884 | £210,115 |
6 Month Average | -17.067 % | £-45,396 | £220,603 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
17 Jun 2022 | £306,604 | £300,050 | 45 COTTONWOOD |
10 Dec 2021 | £215,862 | £200,000 | 7 SHELLBARK |
5 Jul 2021 | £307,967 | £266,000 | 28 COTTONWOOD |
18 Dec 2020 | £347,441 | £300,500 | 20 SHELLBARK |
23 Oct 2020 | £206,809 | £175,000 | 4 MEDLAR CLOSE |
This house has a floor area of 186 sq meters or 2,002 sq feet when measured on 5 Feb 2020. Using an estimated price of £307,967 means this house is valued at £1,655 per sq meter (£153 per sq foot).
The average size of a house on COTTONWOOD is 112 sq meters (1,212 sq feet).
This house is the largest in the street with a floor area of 186 sq meters (2,002 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Anti-social behaviour | On or near Lacebark | |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lacebark |
May 2024 | Violence and sexual offences | Under investigation | On or near Medlar Close |
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Medlar Close |
Jul 2024 | Anti-social behaviour | On or near Brentwood Road |