£216,632
This estimated value is based upon the latest sale price for the house of £43,000 on 26 Aug 1997. 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 |
---|---|
£43,000 | 26 Aug 1997 |
Flats/Maisonettes |
Freehold |
Floor Area: 56 sq meters or 602 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 August 1997 the House Price Index for TYNE AND WEAR was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £43,000 results in an estimated price of approximately £216,632.
26 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.5 | 148.6 | 403.797 % | £43,000 | £173,632 | £216,632 |
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 | 310.537 % | £133,530 | £176,530 |
3 Month Average | 281.040 % | £120,847 | £163,847 |
6 Month Average | 270.814 % | £116,450 | £159,450 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £53,944 | £53,000 | FLAT 45 HOMEPRIOR HOUSE FRONT STREET |
8 Dec 2023 | £139,949 | £137,500 | 66 CLOSEFIELD GROVE |
26 Sep 2023 | £45,583 | £45,000 | FLAT 1 HOMEPRIOR HOUSE FRONT STREET |
13 Jul 2023 | £136,842 | £135,000 | 16 CLOSEFIELD GROVE |
13 Mar 2023 | £136,738 | £135,450 | 17 CLOSEFIELD GROVE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 13 Sep 2012. Using an estimated price of £216,633 means this house is valued at £3,868 per sq meter (£359 per sq foot).
The average size of a house on CLOSEFIELD GROVE is 61 sq meters (662 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Vernon Drive |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
Mar 2024 | Anti-social behaviour | On or near Chapel Lane | |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Chapel Lane |
Mar 2024 | Anti-social behaviour | On or near Chapel Lane |