£368,518
This estimated value is based upon the latest sale price for the house of £300,000 on 5 Jul 2019. 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 Cottage Farm
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| Price Paid | Date |
|---|---|
| £300,000 | 5 Jul 2019 |
| £80,000 | 3 Apr 1998 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 July 2019 the House Price Index for TYNE AND WEAR was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.839%.Applying this 22.839% change to the original purchase price of £300,000 results in an estimated price of approximately £368,518.
| 5 Jul 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.839 % | £300,000 | £68,518 | £368,518 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 41.177 % | £123,530 | £423,530 |
| 3 Month Average | 8.068 % | £24,203 | £324,203 |
| 6 Month Average | 10.390 % | £31,169 | £331,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £126,626 | £125,000 | 9 ALLINGHAM COURT |
| 17 Jul 2023 | £277,626 | £275,000 | 1 BRETT CLOSE |
| 7 Jul 2023 | £262,483 | £260,000 | 5 SLINGSBY GARDENS |
| 24 Jan 2023 | £114,593 | £115,600 | 18 ALLINGHAM COURT |
| 29 Apr 2022 | £251,282 | £245,000 | 11 MELKRIDGE GARDENS |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 4 Mar 2017. Using an estimated price of £368,518 means this house is valued at £2,948 per sq meter (£273 per sq foot).
The average size of a house on CANDELFORD CLOSE is 132 sq meters (1,421 sq feet).
This house is the largest in the street with a floor area of 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cottage Farm |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Highworth Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Highworth Drive |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Melkridge Gardens |
| Apr 2024 | Anti-social behaviour | On or near Melkridge Gardens |