£397,388
This estimated value is based upon the latest sale price for the house of £230,000 on 2 Sep 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £230,000 | 2 Sep 2011 |
| £260,000 | 25 Feb 2005 |
| £114,950 | 11 Feb 2000 |
| Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,102 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 September 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.778%.Applying this 72.778% change to the original purchase price of £230,000 results in an estimated price of approximately £397,388.
| 2 Sep 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.778 % | £230,000 | £167,388 | £397,388 |
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 | 27.511 % | £63,275 | £293,275 |
| 3 Month Average | 3.049 % | £7,013 | £237,013 |
| 6 Month Average | 34.074 % | £78,369 | £308,369 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Mar 2023 | £481,537 | £477,000 | 34 ROUNDSTONE CLOSE |
| 25 Aug 2022 | £523,591 | £525,000 | 9 MORALEE CLOSE |
| 25 Jun 2021 | £555,238 | £517,500 | 44 NUNWICK WAY |
| 30 Nov 2020 | £446,351 | £385,000 | 7 MORALEE CLOSE |
| 2 Oct 2020 | £351,925 | £300,000 | 7 ROUNDSTONE CLOSE |
This house has a floor area of 102 sq meters or 1,102 sq feet when measured on 11 May 2010. Using an estimated price of £397,389 means this house is valued at £3,880 per sq meter (£360 per sq foot).
The average size of a house on ROUNDSTONE CLOSE is 135 sq meters (1,459 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Roundstone Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cawburn Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cawburn Close |
| Feb 2024 | Other crime | Under investigation | On or near Woodchurch Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Broomlee Close |