£290,075
This estimated value is based upon the latest sale price for the house of £285,000 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Paddock Close
More crime details
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| Price Paid | Date |
|---|---|
| £285,000 | 1 Dec 2023 |
| £205,000 | 23 Mar 2012 |
| £242,500 | 11 Nov 2011 |
| £176,950 | 12 Jun 2003 |
| Detached |
| Freehold |
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 2023 the House Price Index for TYNE AND WEAR was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £285,000 results in an estimated price of approximately £290,075.
| 1 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.0 | 148.6 | 1.781 % | £285,000 | £5,075 | £290,075 |
The Postcode Pricing Model uses changes in average sales price within the DH4 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 | -30.681 % | £-87,441 | £197,558 |
| 3 Month Average | -2.118 % | £-6,037 | £278,962 |
| 6 Month Average | 1.808 % | £5,153 | £290,153 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £356,233 | £350,000 | 2 PADDOCK CLOSE |
| 1 Dec 2023 | £290,075 | £285,000 | 5 LUCOMBE CLOSE |
| 8 Aug 2023 | £145,271 | £144,000 | 6 BOUNDARY HOUSES |
| 20 Jul 2023 | £223,001 | £220,000 | SUMMER COTTAGE, 7 BOUNDARY HOUSES |
| 22 Feb 2023 | £314,788 | £315,000 | 7 FOXGLOVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Paddock Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hornbeam |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near B1519 |