£218,780
This estimated value is based upon the latest sale price for the house of £177,000 on 16 Sep 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 |
|---|---|
| £177,000 | 16 Sep 2019 |
| Detached |
| Leasehold |
| Floor Area: 71 sq meters or 771 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 September 2019 the House Price Index for TYNE AND WEAR was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £177,000 results in an estimated price of approximately £218,780.
| 16 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £177,000 | £41,780 | £218,780 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | -59.090 % | £-104,588 | £72,411 |
| 3 Month Average | -31.684 % | £-56,081 | £120,918 |
| 6 Month Average | -13.183 % | £-23,333 | £153,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £327,797 | £324,950 | 21 KINGSWOOD CLOSE |
| 8 Dec 2023 | £340,462 | £330,000 | 16 CINDERFORD CLOSE |
| 10 Nov 2023 | £130,923 | £127,600 | 7 ALDERLEY CLOSE |
| 28 Feb 2022 | £6,709 | £6,350 | 14 SHIPTON CLOSE |
| 12 Jan 2022 | £174,933 | £165,000 | 3 WHITCHURCH CLOSE |
This house has a floor area of 71 sq meters or 771 sq feet when measured on 14 Feb 2012. Using an estimated price of £218,780 means this house is valued at £3,053 per sq meter (£283 per sq foot).
The average size of a house on ALDERLEY CLOSE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Kingswood Close |
| Jun 2024 | Anti-social behaviour | On or near Shipton Close | |
| Jun 2024 | Anti-social behaviour | On or near Shipton Close | |
| Jun 2024 | Anti-social behaviour | On or near Shipton Close | |
| Jun 2024 | Anti-social behaviour | On or near Shipton Close |