£110,047
This estimated value is based upon the latest sale price for the house of £92,000 on 25 Sep 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £92,000 | 25 Sep 2020 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2020 the House Price Index for TYNE AND WEAR was 125.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 19.617%.Applying this 19.617% change to the original purchase price of £92,000 results in an estimated price of approximately £110,047.
| 25 Sep 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 149.7 | 19.617 % | £92,000 | £18,047 | £110,047 |
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 | 10.689 % | £9,834 | £101,834 |
| 3 Month Average | 4.523 % | £4,161 | £96,161 |
| 6 Month Average | 6.746 % | £6,206 | £98,206 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £146,502 | £142,000 | 2 BARENTS CLOSE |
| 31 Oct 2023 | £120,742 | £118,000 | 98 BEAUMONT TERRACE |
| 18 Aug 2023 | £40,734 | £39,999 | 11 LOWLEAM COURT |
| 27 Apr 2023 | £158,973 | £156,000 | 7 GREELY ROAD |
| 13 Apr 2023 | £134,771 | £132,250 | 15 GREELY ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 21 Nov 2019. Using an estimated price of £110,048 means this house is valued at £1,642 per sq meter (£152 per sq foot).
There is one other house on the street which we know the size of, this is 5 WILKES CLOSE it is 71.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Wilkes Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wilkes Close |
| Oct 2024 | Anti-social behaviour | On or near Bruce Close | |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bruce Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bruce Close |