£535,123
This estimated value is based upon the latest sale price for the house of £525,000 on 12 Dec 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £525,000 | 12 Dec 2023 |
| £149,950 | 26 Nov 1999 |
| Detached |
| Freehold |
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 2023 the House Price Index for TYNE AND WEAR was 145.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.928%.Applying this 1.928% change to the original purchase price of £525,000 results in an estimated price of approximately £535,123.
| 12 Dec 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.2 | 148.0 | 1.928 % | £525,000 | £10,123 | £535,123 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | -43.429 % | £-228,001 | £296,998 |
| 3 Month Average | 2.977 % | £15,631 | £540,631 |
| 6 Month Average | -3.226 % | £-16,938 | £508,061 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £535,124 | £525,000 | 14 ROUNDSTONE CLOSE |
| 17 Mar 2023 | £479,592 | £477,000 | 34 ROUNDSTONE CLOSE |
| 25 Aug 2022 | £521,477 | £525,000 | 9 MORALEE CLOSE |
| 25 Jun 2021 | £552,996 | £517,500 | 44 NUNWICK WAY |
| 30 Nov 2020 | £444,549 | £385,000 | 7 MORALEE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cawburn Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Woodchurch Close |
| Feb 2024 | Other crime | Under investigation | On or near Woodchurch Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Broomlee Close |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Broomlee Close |