£315,286
This estimated value is based upon the latest sale price for the house of £185,700 on 26 Oct 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £185,700 | 26 Oct 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 October 2012 the House Price Index for TYNE AND WEAR was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £185,700 results in an estimated price of approximately £315,286.
| 26 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £185,700 | £129,586 | £315,286 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 41.337 % | £76,762 | £262,462 |
| 3 Month Average | 40.357 % | £74,943 | £260,643 |
| 6 Month Average | 47.115 % | £87,493 | £273,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jul 2023 | £334,502 | £330,000 | 6 CAYNHAM CLOSE |
| 7 Jul 2023 | £430,798 | £425,000 | 16 LUDLOW AVENUE |
| 16 Sep 2022 | £332,316 | £335,000 | 12 TENBURY CRESCENT |
| 5 Aug 2022 | £400,422 | £401,500 | 8 TENBURY CRESCENT |
| 14 Apr 2022 | £249,726 | £242,500 | 9 LUDLOW AVENUE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 27 Jul 2012. Using an estimated price of £315,287 means this house is valued at £3,354 per sq meter (£311 per sq foot).
The average size of a house on CAYNHAM CLOSE is 196 sq meters (2,115 sq feet).
This house is the smallest in the street with a floor area of 94 sq meters (1,011 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Wenlock Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cleehill Drive |
| Feb 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Ludlow Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Dryburgh Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Abbots Way |