£231,586
This estimated value is based upon the latest sale price for the house of £215,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £215,000 | 12 Nov 2021 |
| £157,000 | 4 Dec 2009 |
| Semi-Detached |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 Apr 2024 is 148.0 which is a change of 7.715%.Applying this 7.715% change to the original purchase price of £215,000 results in an estimated price of approximately £231,586.
| 12 Nov 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.0 | 7.715 % | £215,000 | £16,586 | £231,586 |
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 | -41.645 % | £-89,536 | £125,463 |
| 3 Month Average | -14.571 % | £-31,327 | £183,672 |
| 6 Month Average | 6.646 % | £14,289 | £229,289 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £264,963 | £259,950 | 2 CAVERSHAM ROAD |
| 24 Nov 2023 | £116,496 | £115,000 | 73 DENHAM WALK |
| 18 Aug 2023 | £198,708 | £197,500 | 24 LOBELIA CLOSE |
| 6 Jul 2023 | £186,767 | £185,000 | 11 DORCHESTER CLOSE |
| 6 Jan 2023 | £218,084 | £220,000 | 126 CHADDERTON DRIVE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 17 Jun 2020. Using an estimated price of £231,587 means this house is valued at £2,692 per sq meter (£250 per sq foot).
The average size of a house on DUNDEE CLOSE is 130 sq meters (1,399 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Dundee Close |
| Feb 2024 | Anti-social behaviour | On or near Dover Close | |
| Feb 2024 | Anti-social behaviour | On or near Dover Close | |
| Feb 2024 | Anti-social behaviour | On or near Dover Close | |
| Mar 2024 | Other theft | Under investigation | On or near Dorchester Close |