£257,434
This estimated value is based upon the latest sale price for the house of £170,000 on 15 Aug 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£170,000 | 15 Aug 2014 |
£150,000 | 16 Mar 2007 |
£57,500 | 15 Oct 1999 |
£53,000 | 15 May 1996 |
Terraced |
Freehold |
Floor Area: 63 sq meters or 678 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 2014 the House Price Index for TYNE AND WEAR was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £170,000 results in an estimated price of approximately £257,434.
15 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.1 | 148.6 | 51.432 % | £170,000 | £87,434 | £257,434 |
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 | 17.169 % | £29,187 | £199,187 |
3 Month Average | 23.487 % | £39,928 | £209,928 |
6 Month Average | 22.581 % | £38,387 | £208,387 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Dec 2023 | £152,671 | £150,000 | 25 CHATHILL CLOSE |
13 Nov 2023 | £131,954 | £130,000 | 47 CHATHILL CLOSE |
11 Aug 2023 | £119,041 | £118,000 | 44 CHATHILL CLOSE |
30 Jun 2023 | £136,655 | £135,000 | 41 CHATHILL CLOSE |
10 Mar 2023 | £237,235 | £235,000 | 31 ELFORD CLOSE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 23 May 2014. Using an estimated price of £257,434 means this house is valued at £4,086 per sq meter (£379 per sq foot).
The average size of a house on CHATHILL CLOSE is 55 sq meters (598 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Elford Close |
Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Newsteads Drive |
Apr 2024 | Other theft | Under investigation | On or near Newsteads Drive |
Mar 2024 | Anti-social behaviour | On or near Newsteads Drive | |
Mar 2024 | Anti-social behaviour | On or near Newsteads Drive |