£451,824
This estimated value is based upon the latest sale price for the house of £410,000 on 28 Oct 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £410,000 | 28 Oct 2021 |
| Detached |
| Leasehold |
| Floor Area: 172 sq meters or 1,851 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 2021 the House Price Index for TYNE AND WEAR was 134.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.201%.Applying this 10.201% change to the original purchase price of £410,000 results in an estimated price of approximately £451,824.
| 28 Oct 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 148.0 | 10.201 % | £410,000 | £41,824 | £451,824 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | -30.774 % | £-126,172 | £283,827 |
| 3 Month Average | -10.829 % | £-44,399 | £365,600 |
| 6 Month Average | 8.100 % | £33,210 | £443,210 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £387,277 | £379,950 | 25 MANDARIN CLOSE |
| 25 Aug 2023 | £261,591 | £260,000 | 17 MANGROVE CLOSE |
| 4 Aug 2023 | £308,878 | £307,000 | 5 COLEY HILL CLOSE |
| 7 Jul 2023 | £418,963 | £415,000 | 2 MANDARIN CLOSE |
| 27 Jan 2023 | £470,864 | £475,000 | 10 MANDARIN CLOSE |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 26 Jul 2021. Using an estimated price of £451,824 means this house is valued at £2,626 per sq meter (£244 per sq foot).
The average size of a house on MANDARIN CLOSE is 156 sq meters (1,686 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
| Apr 2024 | Other crime | Under investigation | On or near Malaga Close |