£296,242
This estimated value is based upon the latest sale price for the house of £155,950 on 10 Dec 2004. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £155,950 | 10 Dec 2004 |
| £54,000 | 31 Jan 2002 |
| Semi-Detached |
| Freehold |
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 2004 the House Price Index for TYNE AND WEAR was 78.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.960%.Applying this 89.960% change to the original purchase price of £155,950 results in an estimated price of approximately £296,242.
| 10 Dec 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 149.7 | 89.960 % | £155,950 | £140,292 | £296,242 |
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 | -9.523 % | £-14,850 | £141,099 |
| 3 Month Average | 69.951 % | £109,088 | £265,038 |
| 6 Month Average | 63.414 % | £98,893 | £254,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £1,229,789 | £1,192,000 | 4 BEVERLEY PARK |
| 8 Dec 2023 | £218,772 | £212,050 | 21 CHURCHILL AVENUE |
| 30 Nov 2023 | £246,251 | £240,000 | 83 ROKER AVENUE |
| 11 Oct 2023 | £353,018 | £345,000 | 12 SPRINGFIELD GROVE |
| 22 Aug 2023 | £427,714 | £420,000 | 15 VERNON DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Closefield Grove | |
| Jun 2024 | Anti-social behaviour | On or near Closefield Grove | |
| May 2024 | Anti-social behaviour | On or near Closefield Grove | |
| May 2024 | Anti-social behaviour | On or near Closefield Grove | |
| May 2024 | Anti-social behaviour | On or near Closefield Grove |