£103,065
This estimated value is based upon the latest sale price for the house of £101,000 on 30 Jun 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 |
|---|---|
| £101,000 | 30 Jun 2023 |
| £103,000 | 27 Jan 2020 |
| £95,000 | 12 Sep 2017 |
| £117,500 | 16 Aug 2010 |
| £127,950 | 2 Aug 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 648 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 June 2023 the House Price Index for TYNE AND WEAR was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £101,000 results in an estimated price of approximately £103,065.
| 30 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £101,000 | £2,065 | £103,065 |
The Postcode Pricing Model uses changes in average sales price within the SR4 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 | -9.412 % | £-9,505 | £91,494 |
| 3 Month Average | -8.380 % | £-8,463 | £92,536 |
| 6 Month Average | 5.745 % | £5,802 | £106,802 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £237,059 | £235,000 | 3 LOTHIAN CLOSE |
| 3 Nov 2023 | £92,344 | £90,000 | 4 DUMBARTON CLOSE |
| 18 Aug 2023 | £162,939 | £160,000 | 60 THE BROADWAY |
| 30 Jun 2023 | £103,065 | £101,000 | 25 NAIRN CLOSE |
| 27 Jan 2023 | £3,970 | £3,959 | 25 DUMBARTON CLOSE |
This house has a floor area of 60 sq meters or 648 sq feet when measured on 1 Mar 2010. Using an estimated price of £103,065 means this house is valued at £1,710 per sq meter (£158 per sq foot).
The average size of a house on NAIRN CLOSE is 85 sq meters (923 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (648 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Nairn Close |
| Oct 2024 | Anti-social behaviour | On or near Nairn Close | |
| Aug 2024 | Anti-social behaviour | On or near Nairn Close | |
| Aug 2024 | Anti-social behaviour | On or near Nairn Close | |
| Aug 2024 | Anti-social behaviour | On or near Nairn Close |