£296,238
This estimated value is based upon the latest sale price for the house of £237,500 on 11 May 2018. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £237,500 | 11 May 2018 |
| £199,575 | 4 Feb 2013 |
| 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 May 2018 the House Price Index for TYNE AND WEAR was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £237,500 results in an estimated price of approximately £296,238.
| 11 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £237,500 | £58,738 | £296,238 |
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 | 11.945 % | £28,369 | £265,869 |
| 3 Month Average | -8.034 % | £-19,080 | £218,419 |
| 6 Month Average | 12.377 % | £29,395 | £266,895 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £319,129 | £315,049 | 27 MINISTRY CLOSE |
| 18 Aug 2023 | £373,265 | £370,000 | 23 MINISTRY CLOSE |
| 14 Jul 2023 | £187,524 | £185,000 | 4 MINISTRY CLOSE |
| 12 Jun 2023 | £339,108 | £335,000 | 15 HIDDLESTON AVENUE |
| 10 Feb 2023 | £294,802 | £295,000 | 63 MINISTRY CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 14 Dec 2012. Using an estimated price of £296,238 means this house is valued at £3,444 per sq meter (£320 per sq foot).
The average size of a house on MINISTRY CLOSE is 96 sq meters (1,042 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Fontburn Place |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fontburn Place |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Fontburn Place |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Fontburn Place |
| Jan 2024 | Shoplifting | Under investigation | On or near Fontburn Place |