£420,068
This estimated value is based upon the latest sale price for the house of £278,500 on 21 Nov 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £278,500 | 21 Nov 2014 |
| Detached |
| Leasehold |
| Floor Area: 127 sq meters or 1,367 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 November 2014 the House Price Index for TYNE AND WEAR was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £278,500 results in an estimated price of approximately £420,068.
| 21 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £278,500 | £141,568 | £420,068 |
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 | 42.662 % | £118,813 | £397,313 |
| 3 Month Average | 38.664 % | £107,679 | £386,179 |
| 6 Month Average | 19.686 % | £54,826 | £333,326 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £391,995 | £379,950 | 25 MANDARIN CLOSE |
| 6 Oct 2023 | £2,558 | £2,500 | 22 MALAGA CLOSE |
| 25 Aug 2023 | £264,775 | £260,000 | 17 MANGROVE CLOSE |
| 4 Aug 2023 | £312,639 | £307,000 | 5 COLEY HILL CLOSE |
| 27 Jan 2023 | £476,273 | £475,000 | 10 MANDARIN CLOSE |
This house has a floor area of 127 sq meters or 1,367 sq feet when measured on 14 Feb 2014. Using an estimated price of £420,069 means this house is valued at £3,307 per sq meter (£307 per sq foot).
The average size of a house on MANDARIN CLOSE is 156 sq meters (1,686 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Under investigation | On or near Mandarin Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Mandarin Close |
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malaga Close |
| Apr 2024 | Other crime | Under investigation | On or near Malaga Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malaga Close |