£185,350
This estimated value is based upon the latest sale price for the house of £143,000 on 3 Mar 2017. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£143,000 | 3 Mar 2017 |
Semi-Detached |
Freehold |
Floor Area: 76 sq meters or 818 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 2017 the House Price Index for TYNE AND WEAR was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £143,000 results in an estimated price of approximately £185,350.
3 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 148.6 | 29.616 % | £143,000 | £42,350 | £185,350 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -36.242 % | £-51,826 | £91,173 |
3 Month Average | 0.997 % | £1,425 | £144,425 |
6 Month Average | 18.762 % | £26,828 | £169,828 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Jun 2023 | £273,311 | £270,000 | 72 GROSVENOR WAY |
12 Jun 2023 | £242,943 | £240,000 | 82 GROSVENOR WAY |
7 Jul 2022 | £165,445 | £165,000 | 121 MILECASTLE COURT |
28 Feb 2022 | £235,956 | £225,000 | 58 MILECASTLE COURT |
19 Nov 2021 | £169,798 | £157,000 | 79 MILECASTLE COURT |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 18 Oct 2016. Using an estimated price of £185,351 means this house is valued at £2,438 per sq meter (£226 per sq foot).
The average size of a house on MILECASTLE COURT is 60 sq meters (653 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Milecastle Court |
Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Milecastle Court |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Milecastle Court |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Castlewood Close |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hillhead Road |