£433,336
This estimated value is based upon the latest sale price for the house of £165,000 on 25 Oct 2002. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £165,000 | 25 Oct 2002 |
| £99,950 | 12 May 2000 |
| £94,950 | 25 Feb 2000 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 830 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 October 2002 the House Price Index for TYNE AND WEAR was 56.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 162.628%.Applying this 162.628% change to the original purchase price of £165,000 results in an estimated price of approximately £433,336.
| 25 Oct 2002 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 148.0 | 162.628 % | £165,000 | £268,336 | £433,336 |
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 | 144.511 % | £238,443 | £403,443 |
| 3 Month Average | 99.999 % | £164,998 | £329,998 |
| 6 Month Average | 123.052 % | £203,035 | £368,035 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £285,313 | £283,000 | 25 CAWBURN CLOSE |
| 31 Mar 2023 | £216,168 | £215,000 | 6 CAWBURN CLOSE |
| 27 Jun 2022 | £318,225 | £315,000 | 92 GREENLEE DRIVE |
| 24 Jun 2022 | £333,379 | £330,000 | 38 GREENLEE DRIVE |
| 3 Dec 2021 | £418,818 | £392,500 | 31 CAWBURN CLOSE |
This house has a floor area of 77 sq meters or 830 sq feet when measured on 14 Aug 2009. Using an estimated price of £433,337 means this house is valued at £5,614 per sq meter (£521 per sq foot).
The average size of a house on CAWBURN CLOSE is 99 sq meters (1,073 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cawburn Close |
| Apr 2024 | Anti-social behaviour | On or near Melkridge Gardens | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Melkridge Gardens |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melkridge Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Broomlee Close |