£129,666
This estimated value is based upon the latest sale price for the house of £93,000 on 14 Dec 2015. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£93,000 | 14 Dec 2015 |
£79,950 | 26 Aug 2003 |
Terraced |
Freehold |
Floor Area: 40 sq meters or 430 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 2015 the House Price Index for TYNE AND WEAR was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £93,000 results in an estimated price of approximately £129,666.
14 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
107.4 | 149.7 | 39.426 % | £93,000 | £36,666 | £129,666 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | -28.079 % | £-26,113 | £66,886 |
3 Month Average | 31.925 % | £29,690 | £122,690 |
6 Month Average | 23.238 % | £21,610 | £114,610 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Apr 2024 | £90,788 | £90,000 | 23 CHATHILL CLOSE |
7 Dec 2023 | £154,755 | £150,000 | 25 CHATHILL CLOSE |
13 Nov 2023 | £133,386 | £130,000 | 47 CHATHILL CLOSE |
11 Aug 2023 | £120,167 | £118,000 | 44 CHATHILL CLOSE |
30 Jun 2023 | £137,761 | £135,000 | 41 CHATHILL CLOSE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 17 Aug 2015. Using an estimated price of £129,666 means this house is valued at £3,241 per sq meter (£301 per sq foot).
The average size of a house on CHATHILL CLOSE is 55 sq meters (598 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Drugs | Investigation complete; no suspect identified | On or near Newsteads Drive |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Newsteads Drive |
May 2024 | Anti-social behaviour | On or near Newsteads Drive | |
May 2024 | Anti-social behaviour | On or near Newsteads Drive | |
May 2024 | Anti-social behaviour | On or near Newsteads Drive |