£352,772
This estimated value is based upon the latest sale price for the house of £73,000 on 5 Dec 1997. 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 Blackcap Close
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| Price Paid | Date |
|---|---|
| £73,000 | 5 Dec 1997 |
| Detached |
| Freehold |
| 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 December 1997 the House Price Index for TYNE AND WEAR was 30.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 383.251%.Applying this 383.251% change to the original purchase price of £73,000 results in an estimated price of approximately £352,772.
| 5 Dec 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 146.7 | 383.251 % | £73,000 | £279,772 | £352,772 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 252.059 % | £184,003 | £257,003 |
| 3 Month Average | 205.277 % | £149,852 | £222,852 |
| 6 Month Average | 268.748 % | £196,186 | £269,186 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 11 May 2012.
The average size of a house on BLACKCAP CLOSE is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Blackcap Close |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Fieldfare Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lapwing Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lapwing Close |
| Mar 2024 | Other theft | Under investigation | On or near Mallard Close |