£68,617
This estimated value is based upon the latest sale price for the house of £51,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £51,000 | 17 Jun 2016 |
| 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 June 2016 the House Price Index for TYNE AND WEAR was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £51,000 results in an estimated price of approximately £68,617.
| 17 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 149.7 | 34.544 % | £51,000 | £17,617 | £68,617 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 77.559 % | £39,555 | £90,555 |
| 3 Month Average | 20.837 % | £10,626 | £61,626 |
| 6 Month Average | 19.703 % | £10,048 | £61,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £100,789 | £98,500 | 6 WATERLOW CLOSE |
| 20 Oct 2023 | £77,766 | £76,000 | 16 WESTERHAM CLOSE |
| 25 Aug 2023 | £79,942 | £78,500 | 67 WHITCHURCH ROAD |
| 4 Aug 2023 | £71,286 | £70,000 | 20 WATFORD CLOSE |
| 23 Jun 2023 | £72,452 | £71,000 | 3 WHITCHURCH CLOSE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 19 May 2015. Using an estimated price of £68,617 means this house is valued at £902 per sq meter (£83 per sq foot).
The average size of a house on WATFORD CLOSE is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Woolwich Close | |
| Oct 2024 | Anti-social behaviour | On or near Woolwich Close | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Woolwich Close |
| Oct 2024 | Anti-social behaviour | On or near Woolwich Close | |
| Aug 2024 | Anti-social behaviour | On or near Woolwich Close |