£184,122
This estimated value is based upon the latest sale price for the house of £110,000 on 26 Mar 2013. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £110,000 | 26 Mar 2013 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 March 2013 the House Price Index for TYNE AND WEAR was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.384%.Applying this 67.384% change to the original purchase price of £110,000 results in an estimated price of approximately £184,122.
| 26 Mar 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.384 % | £110,000 | £74,122 | £184,122 |
The Postcode Pricing Model uses changes in average sales price within the NE3 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 | -26.589 % | £-29,247 | £80,752 |
| 3 Month Average | 13.182 % | £14,500 | £124,500 |
| 6 Month Average | 18.527 % | £20,380 | £130,380 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £132,000 | £132,000 | 243 WINDSOR WALK |
| 28 Sep 2023 | £162,072 | £160,000 | 10 ENGLEFIELD CLOSE |
| 21 Aug 2023 | £166,456 | £165,000 | 28 COLNBROOK CLOSE |
| 21 Aug 2023 | £143,253 | £142,000 | 241 WINDSOR WALK |
| 17 Aug 2023 | £221,942 | £220,000 | 53 HERSHAM CLOSE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 14 Jan 2013. Using an estimated price of £184,123 means this house is valued at £2,557 per sq meter (£237 per sq foot).
The average size of a house on COLNBROOK CLOSE is 75 sq meters (815 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Laleham Court |
| Mar 2024 | Anti-social behaviour | On or near Hersham Close | |
| Mar 2024 | Burglary | Under investigation | On or near Hersham Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hersham Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hersham Close |