£53,964
This estimated value is based upon the latest sale price for the house of £49,999 on 10 Dec 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 |
---|---|
£49,999 | 10 Dec 2021 |
£69,950 | 5 Sep 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 54 sq meters or 581 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 December 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £49,999 results in an estimated price of approximately £53,964.
10 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £49,999 | £3,965 | £53,964 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 36.299 % | £18,149 | £68,148 |
3 Month Average | 12.739 % | £6,369 | £56,368 |
6 Month Average | -4.775 % | £-2,387 | £47,611 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £121,741 | £118,000 | 34 BERKLEY CLOSE |
14 Dec 2023 | £145,470 | £141,000 | 28 BERKLEY CLOSE |
30 Nov 2023 | £143,646 | £140,000 | 11 BELPER CLOSE |
1 Sep 2023 | £182,012 | £178,000 | 16 BRACKEN AVENUE |
1 Jun 2023 | £50,971 | £49,950 | 5 BELPER CLOSE |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 2 Jul 2020. Using an estimated price of £53,964 means this house is valued at £999 per sq meter (£92 per sq foot).
The average size of a house on BELPER CLOSE is 92 sq meters (992 sq feet).
This house is the smallest in the street with a floor area of 54 sq meters (581 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Violence and sexual offences | Under investigation | On or near Belper Close |
Jul 2024 | Violence and sexual offences | Under investigation | On or near Belsay Close |
Apr 2024 | Other crime | Under investigation | On or near Beckford Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Bedale Close |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Bedale Close |