£370,715
This estimated value is based upon the latest sale price for the house of £307,000 on 15 May 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 |
|---|---|
| £307,000 | 15 May 2020 |
| £250,000 | 28 Mar 2014 |
| £250,000 | 28 Jun 2013 |
| £228,000 | 23 Apr 2004 |
| £163,000 | 30 Oct 2002 |
| Detached |
| Leasehold |
| Floor Area: 149 sq meters or 1,603 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 May 2020 the House Price Index for TYNE AND WEAR was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.754%.Applying this 20.754% change to the original purchase price of £307,000 results in an estimated price of approximately £370,715.
| 15 May 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.754 % | £307,000 | £63,715 | £370,715 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 30.291 % | £92,992 | £399,992 |
| 3 Month Average | 23.353 % | £71,695 | £378,695 |
| 6 Month Average | 29.787 % | £91,445 | £398,445 |
This house has a floor area of 149 sq meters or 1,603 sq feet when measured on 18 Apr 2013.
The average size of a house on GREENWOOD CLOSE is 170 sq meters (1,837 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Greenwood Close |
| Mar 2024 | Anti-social behaviour | On or near Woodcliff Close | |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Woodcliff Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cranberry Drive |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cranberry Drive |