£285,330
This estimated value is based upon the latest sale price for the house of £216,000 on 2 Dec 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 |
|---|---|
| £216,000 | 2 Dec 2016 |
| £205,000 | 3 Dec 2010 |
| Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 2016 the House Price Index for TYNE AND WEAR was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £216,000 results in an estimated price of approximately £285,330.
| 2 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 149.7 | 32.097 % | £216,000 | £69,330 | £285,330 |
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 | -35.542 % | £-76,770 | £139,229 |
| 3 Month Average | 12.276 % | £26,516 | £242,516 |
| 6 Month Average | 11.679 % | £25,227 | £241,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £79,692 | £79,000 | 5 HARWOOD DRIVE |
| 15 Dec 2023 | £81,504 | £79,000 | 58 HARWOOD DRIVE |
| 10 Nov 2023 | £297,502 | £289,950 | 24 ELLESMERE CLOSE |
| 29 Jun 2023 | £280,624 | £275,000 | 23 ELLESMERE CLOSE |
| 20 Feb 2023 | £73,491 | £73,000 | 32 ELLESMERE CLOSE |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 14 Jul 2016. Using an estimated price of £285,330 means this house is valued at £2,052 per sq meter (£190 per sq foot).
The average size of a house on ELLESMERE CLOSE is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Harwood Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bankhead Terrace |
| Jul 2024 | Other crime | Under investigation | On or near Bankhead Terrace |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Sedgeletch Road |
| May 2024 | Violence and sexual offences | Under investigation | On or near Sedgeletch Road |