£153,797
This estimated value is based upon the latest sale price for the house of £115,500 on 25 Jul 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £115,500 | 25 Jul 2016 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 764 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 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £115,500 results in an estimated price of approximately £153,797.
| 25 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £115,500 | £38,297 | £153,797 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | 22.572 % | £26,070 | £141,570 |
| 3 Month Average | 12.332 % | £14,243 | £129,743 |
| 6 Month Average | 20.393 % | £23,553 | £139,053 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £96,428 | £95,000 | 11 WORSLEY CLOSE |
| 31 Aug 2023 | £131,147 | £130,000 | 56 RIBBLESDALE |
| 4 Aug 2023 | £133,165 | £132,000 | 22 WORTHING CLOSE |
| 30 Jan 2023 | £34,836 | £35,000 | 14 WORTHING CLOSE |
| 6 Jan 2022 | £136,813 | £130,000 | 9 WORSLEY CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 Apr 2015. Using an estimated price of £153,797 means this house is valued at £2,166 per sq meter (£201 per sq foot).
The average size of a house on WORSLEY CLOSE is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Worthing Close |
| Jan 2024 | Vehicle crime | Under investigation | On or near Ribblesdale |
| Mar 2024 | Anti-social behaviour | On or near Waltham Close | |
| Feb 2024 | Violence and sexual offences | Offender given a caution | On or near Waltham Close |