£96,198
This estimated value is based upon the latest sale price for the house of £77,600 on 12 Aug 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £77,600 | 12 Aug 2019 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 August 2019 the House Price Index for TYNE AND WEAR was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £77,600 results in an estimated price of approximately £96,198.
| 12 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £77,600 | £18,598 | £96,198 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | 40.794 % | £31,656 | £109,256 |
| 3 Month Average | 2.723 % | £2,112 | £79,712 |
| 6 Month Average | -4.202 % | £-3,260 | £74,339 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £160,393 | £157,500 | 21 PRIESTFIELD CLOSE |
| 18 Apr 2023 | £135,688 | £133,150 | 2 HIGH TREE CLOSE |
| 18 Apr 2023 | £112,606 | £110,500 | 22 BROOKBANK CLOSE |
| 19 Oct 2022 | £63,289 | £63,500 | 10 PRIESTFIELD CLOSE |
| 2 Sep 2022 | £72,951 | £73,000 | 40 PRIESTFIELD CLOSE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 26 Mar 2019. Using an estimated price of £96,199 means this house is valued at £1,249 per sq meter (£116 per sq foot).
The average size of a house on BROOKBANK CLOSE is 88 sq meters (947 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Drugs | Under investigation | On or near Priestfield Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Supermarket |
| Aug 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Jul 2024 | Shoplifting | Under investigation | On or near Supermarket |