£295,265
This estimated value is based upon the latest sale price for the house of £118,500 on 16 Jan 2003. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
Price Paid | Date |
---|---|
£118,500 | 16 Jan 2003 |
£68,950 | 21 Dec 1995 |
Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 January 2003 the House Price Index for TYNE AND WEAR was 60.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 149.169%.Applying this 149.169% change to the original purchase price of £118,500 results in an estimated price of approximately £295,265.
16 Jan 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.1 | 149.7 | 149.169 % | £118,500 | £176,765 | £295,265 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 106.409 % | £126,094 | £244,594 |
3 Month Average | 148.684 % | £176,191 | £294,691 |
6 Month Average | 155.192 % | £183,901 | £302,401 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £90,788 | £90,000 | 3 GREENLEA |
22 Sep 2023 | £133,442 | £130,500 | 60 LOCKSLEY CLOSE |
4 Aug 2023 | £82,997 | £81,500 | 7 GREENLEA |
9 Jun 2023 | £255,061 | £249,950 | 48 LOCKSLEY CLOSE |
13 Feb 2023 | £241,614 | £240,000 | 32 LOCKSLEY CLOSE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 7 Nov 2013. Using an estimated price of £295,266 means this house is valued at £3,737 per sq meter (£347 per sq foot).
The average size of a house on LOCKSLEY CLOSE is 74 sq meters (797 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Locksley Close |
Jun 2024 | Anti-social behaviour | On or near Mafeking Place | |
Jun 2024 | Anti-social behaviour | On or near Mafeking Place | |
Jun 2024 | Shoplifting | Awaiting court outcome | On or near Mafeking Place |
May 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Mafeking Place |