£118,701
This estimated value is based upon the latest sale price for the house of £79,000 on 1 Dec 2014. 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 Abbotsfield Close
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| Price Paid | Date |
|---|---|
| £79,000 | 1 Dec 2014 |
| £39,950 | 12 Oct 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 December 2014 the House Price Index for TYNE AND WEAR was 99.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £79,000 results in an estimated price of approximately £118,701.
| 1 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £79,000 | £39,701 | £118,701 |
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 | 49.623 % | £39,201 | £118,201 |
| 3 Month Average | 35.791 % | £28,274 | £107,274 |
| 6 Month Average | 21.444 % | £16,940 | £95,940 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £160,393 | £157,500 | 21 PRIESTFIELD CLOSE |
| 18 Apr 2023 | £112,606 | £110,500 | 22 BROOKBANK CLOSE |
| 17 Feb 2023 | £178,749 | £177,555 | 21 CANONSFIELD 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 49 sq meters or 527 sq feet when measured on 8 Jun 2012. Using an estimated price of £118,702 means this house is valued at £2,422 per sq meter (£225 per sq foot).
The average size of a house on PRIESTSFIELD CLOSE is 63 sq meters (684 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Abbotsfield Close |
| Oct 2024 | Anti-social behaviour | On or near Bishops Way | |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Canonsfield Close |
| Oct 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Supermarket |