£157,668
This estimated value is based upon the latest sale price for the house of £46,000 on 11 May 2001. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £46,000 | 11 May 2001 |
| Terraced |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 May 2001 the House Price Index for TYNE AND WEAR was 43.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 242.757%.Applying this 242.757% change to the original purchase price of £46,000 results in an estimated price of approximately £157,668.
| 11 May 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 148.6 | 242.757 % | £46,000 | £111,668 | £157,668 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 210.905 % | £97,016 | £143,016 |
| 3 Month Average | 239.497 % | £110,168 | £156,168 |
| 6 Month Average | 263.556 % | £121,235 | £167,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £106,870 | £105,000 | 8 GARRICK CLOSE |
| 27 Nov 2023 | £65,977 | £65,000 | 22 MOOR PARK ROAD |
| 4 Aug 2023 | £126,103 | £125,000 | 24 GARRICK CLOSE |
| 12 Apr 2023 | £93,001 | £92,000 | 5 MOOR PARK HOUSE DARRAS DRIVE |
| 8 Feb 2023 | £137,907 | £138,000 | 2 HEXHAM CLOSE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 27 Oct 2009. Using an estimated price of £157,668 means this house is valued at £2,388 per sq meter (£221 per sq foot).
The average size of a house on ALSTON CLOSE is 87 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Alston Close |