£285,490
This estimated value is based upon the latest sale price for the house of £164,000 on 1 Jul 2011. 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 |
|---|---|
| £164,000 | 1 Jul 2011 |
| £123,000 | 9 Feb 2004 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 73 sq meters or 791 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 July 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.080%.Applying this 74.080% change to the original purchase price of £164,000 results in an estimated price of approximately £285,490.
| 1 Jul 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.080 % | £164,000 | £121,490 | £285,490 |
The Postcode Pricing Model uses changes in average sales price within the NE21 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 | -16.626 % | £-27,266 | £136,733 |
| 3 Month Average | 18.462 % | £30,278 | £194,278 |
| 6 Month Average | 13.025 % | £21,361 | £185,361 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £176,533 | £175,000 | 12 BEADNELL CLOSE |
| 8 Mar 2024 | £208,199 | £205,000 | 13 DENHAM GROVE |
| 21 Dec 2023 | £193,444 | £187,500 | 3 CRESSWELL CLOSE |
| 6 Oct 2023 | £266,042 | £260,000 | 11 DENHAM GROVE |
| 20 Jul 2022 | £220,206 | £218,000 | 18 BEADNELL CLOSE |
This house has a floor area of 73 sq meters or 791 sq feet when measured on 12 Feb 2010. Using an estimated price of £285,491 means this house is valued at £3,884 per sq meter (£360 per sq foot).
There is one other house on the street which we know the size of, this is 8 CRESSWELL CLOSE it is 67.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farndale Close |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Knobbyends Lane |
| Jul 2024 | Anti-social behaviour | On or near Barlowfield Close | |
| Apr 2024 | Anti-social behaviour | On or near Barlowfield Close | |
| Apr 2024 | Anti-social behaviour | On or near Barlowfield Close |