£655,712
This estimated value is based upon the latest sale price for the house of £225,000 on 16 May 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Clavering Place
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| Price Paid | Date |
|---|---|
| £225,000 | 16 May 2002 |
| Flats/Maisonettes |
| Leasehold |
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 May 2002 the House Price Index for TYNE AND WEAR was 51.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 191.428%.Applying this 191.428% change to the original purchase price of £225,000 results in an estimated price of approximately £655,712.
| 16 May 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 148.6 | 191.428 % | £225,000 | £430,712 | £655,712 |
The Postcode Pricing Model uses changes in average sales price within the NE1 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 | -17.396 % | £-39,140 | £185,859 |
| 3 Month Average | 44.966 % | £101,174 | £326,174 |
| 6 Month Average | 40.804 % | £91,808 | £316,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Aug 2023 | £318,789 | £316,000 | LOFT 6 THE TURNBULL QUEENS LANE |
| 3 Jul 2023 | £268,615 | £265,000 | LOFT 48 THE TURNBULL QUEENS LANE |
| 31 Jan 2023 | £129,390 | £130,000 | LOFT 44 THE TURNBULL QUEENS LANE |
| 13 Jan 2023 | £99,531 | £100,000 | APARTMENT 6 8 CLAVERING PLACE |
| 16 Sep 2022 | £257,917 | £260,000 | LOFT 39 THE TURNBULL QUEENS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Clavering Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Clavering Place |
| Mar 2024 | Burglary | Under investigation | On or near Clavering Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Clavering Place |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Clavering Place |