£294,423
This estimated value is based upon the latest sale price for the house of £240,000 on 17 Dec 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £240,000 | 17 Dec 2019 |
| £187,000 | 20 Jan 2006 |
| Detached |
| Leasehold |
| Floor Area: 112 sq meters or 1,205 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 December 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £240,000 results in an estimated price of approximately £294,423.
| 17 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £240,000 | £54,423 | £294,423 |
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 | 30.672 % | £73,612 | £313,612 |
| 3 Month Average | 5.600 % | £13,439 | £253,439 |
| 6 Month Average | 10.951 % | £26,281 | £266,281 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £128,753 | £126,500 | 26 CARNFORTH CLOSE |
| 30 Nov 2023 | £246,144 | £242,500 | 45 LANCASTER DRIVE |
| 9 Nov 2022 | £264,793 | £268,000 | 3 ARDEN CLOSE |
| 29 Jul 2022 | £2,507 | £2,500 | 6 ARDEN CLOSE |
| 19 May 2022 | £290,473 | £285,000 | 24 ARDEN CLOSE |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 9 Jul 2019. Using an estimated price of £294,423 means this house is valued at £2,628 per sq meter (£244 per sq foot).
The average size of a house on ASKRIGG AVENUE is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Arden Close | |
| Feb 2024 | Anti-social behaviour | On or near Arden Close | |
| Feb 2024 | Anti-social behaviour | On or near Arden Close | |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Arden Close |
| Feb 2024 | Anti-social behaviour | On or near Arden Close |