£157,980
This estimated value is based upon the latest sale price for the house of £145,000 on 12 Nov 2021. 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 Chapel Lane
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| Price Paid | Date |
|---|---|
| £145,000 | 12 Nov 2021 |
| £79,950 | 11 Jul 2003 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 59 sq meters or 640 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 November 2021 the House Price Index for TYNE AND WEAR was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £145,000 results in an estimated price of approximately £157,980.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £145,000 | £12,980 | £157,980 |
The Postcode Pricing Model uses changes in average sales price within the NE25 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 | 145.122 % | £210,427 | £355,427 |
| 3 Month Average | 36.795 % | £53,353 | £198,353 |
| 6 Month Average | 5.387 % | £7,811 | £152,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £54,680 | £53,000 | FLAT 45 HOMEPRIOR HOUSE FRONT STREET |
| 8 Dec 2023 | £141,859 | £137,500 | 66 CLOSEFIELD GROVE |
| 26 Sep 2023 | £46,014 | £45,000 | FLAT 1 HOMEPRIOR HOUSE FRONT STREET |
| 13 Mar 2023 | £137,750 | £135,450 | 17 CLOSEFIELD GROVE |
| 16 Jun 2022 | £150,211 | £147,000 | 24 WILSON COURT |
This house has a floor area of 59 sq meters or 640 sq feet when measured on 19 Jan 2010. Using an estimated price of £157,980 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on CLOSEFIELD GROVE is 61 sq meters (662 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Chapel Lane |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Chapel Lane |
| Aug 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Chapel Lane |
| Jul 2024 | Public order | Under investigation | On or near Chapel Lane |
| Jul 2024 | Shoplifting | Under investigation | On or near Chapel Lane |