£40,822
This estimated value is based upon the latest sale price for the house of £30,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £30,000 | 31 Mar 2016 |
| £60,000 | 14 Nov 2011 |
| £52,000 | 23 Feb 2006 |
| £16,625 | 22 Jul 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 24 sq meters or 258 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 March 2016 the House Price Index for TYNE AND WEAR was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £30,000 results in an estimated price of approximately £40,822.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £30,000 | £10,822 | £40,822 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 198.153 % | £59,445 | £89,445 |
| 3 Month Average | 58.150 % | £17,445 | £47,445 |
| 6 Month Average | 38.298 % | £11,489 | £41,489 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £74,798 | £72,500 | 26 SOUTH VIEW |
| 9 Oct 2023 | £209,764 | £205,000 | 32 MOLLYFAIR CLOSE |
| 16 Aug 2023 | £203,673 | £200,000 | BRIGHT SPARKS NURSERY BACK MAIN STREET |
| 30 Jun 2023 | £301,033 | £295,000 | 7 FERNLEA GARDENS |
| 31 Mar 2023 | £35,594 | £35,000 | 17 MOLLYFAIR CLOSE |
This house has a floor area of 24 sq meters or 258 sq feet when measured on 6 Jun 2020. Using an estimated price of £40,822 means this house is valued at £1,700 per sq meter (£158 per sq foot).
The average size of a house on MOLLYFAIR CLOSE is 38 sq meters (412 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other crime | Local resolution | On or near Beech Grove Court |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Beech Grove Court |
| Jun 2024 | Anti-social behaviour | On or near Lambton Close | |
| Jun 2024 | Anti-social behaviour | On or near Lambton Close | |
| Jun 2024 | Anti-social behaviour | On or near Lambton Close |