£190,300
This estimated value is based upon the latest sale price for the house of £188,500 on 6 Jul 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 |
|---|---|
| £188,500 | 6 Jul 2023 |
| Detached |
| Leasehold |
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 July 2023 the House Price Index for TYNE AND WEAR was 146.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.955%.Applying this 0.955% change to the original purchase price of £188,500 results in an estimated price of approximately £190,300.
| 6 Jul 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.0 | 0.955 % | £188,500 | £1,800 | £190,300 |
The Postcode Pricing Model uses changes in average sales price within the SR3 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 | -10.150 % | £-19,133 | £169,366 |
| 3 Month Average | 14.785 % | £27,869 | £216,369 |
| 6 Month Average | 7.932 % | £14,952 | £203,452 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £94,716 | £93,500 | 31 MORVAL CLOSE |
| 6 Jul 2023 | £190,300 | £188,500 | 15 MILCOMBE CLOSE |
| 25 Aug 2022 | £129,128 | £130,000 | 26 MANSTON CLOSE |
| 25 Feb 2022 | £161,369 | £154,500 | 8 MATFEN DRIVE |
| 23 Feb 2022 | £266,337 | £255,000 | 11 MILCOMBE CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Milcombe Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Milcombe Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Morpeth Drive |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merrion Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Merrion Close |