£250,708
This estimated value is based upon the latest sale price for the house of £212,000 on 24 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 |
|---|---|
| £212,000 | 24 Sep 2020 |
| £176,000 | 15 Sep 2017 |
| £48,000 | 3 Oct 2014 |
| £189,950 | 30 Jun 2005 |
| £85,000 | 24 Mar 2000 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 Apr 2024 is 148.0 which is a change of 18.259%.Applying this 18.259% change to the original purchase price of £212,000 results in an estimated price of approximately £250,708.
| 24 Sep 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.0 | 18.259 % | £212,000 | £38,708 | £250,708 |
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 | -39.550 % | £-83,845 | £128,154 |
| 3 Month Average | -19.726 % | £-41,819 | £170,180 |
| 6 Month Average | 1.452 % | £3,079 | £215,079 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £201,635 | £200,000 | 25 REDEWOOD CLOSE |
| 7 Oct 2022 | £123,169 | £125,000 | 69 REDEWOOD CLOSE |
| 19 Aug 2022 | £119,195 | £120,000 | 47 REDEWOOD CLOSE |
| 29 Jul 2022 | £220,702 | £221,000 | 101 REDEWOOD CLOSE |
| 22 Jul 2022 | £179,258 | £179,500 | 102 REDEWOOD CLOSE |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 17 Oct 2013. Using an estimated price of £250,709 means this house is valued at £2,639 per sq meter (£245 per sq foot).
The average size of a house on REDEWOOD CLOSE is 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Pooley Road |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Shap Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Shap Lane |
| Apr 2024 | Vehicle crime | Under investigation | On or near Stapleford Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Stapleford Close |