£61,662
This estimated value is based upon the latest sale price for the house of £53,332 on 2 Dec 2020. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £53,332 | 2 Dec 2020 |
| £66,950 | 13 Aug 2004 |
| £66,950 | 13 Aug 2004 |
| £25,000 | 12 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 December 2020 the House Price Index for TYNE AND WEAR was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £53,332 results in an estimated price of approximately £61,662.
| 2 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £53,332 | £8,330 | £61,662 |
The Postcode Pricing Model uses changes in average sales price within the SR5 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 | 34.452 % | £18,374 | £71,706 |
| 3 Month Average | 5.778 % | £3,081 | £56,413 |
| 6 Month Average | -9.168 % | £-4,889 | £48,442 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £77,766 | £76,000 | 16 WESTERHAM CLOSE |
| 20 Oct 2023 | £100,789 | £98,500 | 6 WATERLOW CLOSE |
| 25 Aug 2023 | £79,942 | £78,500 | 67 WHITCHURCH ROAD |
| 4 Aug 2023 | £71,286 | £70,000 | 20 WATFORD CLOSE |
| 23 Jun 2023 | £72,452 | £71,000 | 3 WHITCHURCH CLOSE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 17 Aug 2020. Using an estimated price of £61,663 means this house is valued at £822 per sq meter (£76 per sq foot).
The average size of a house on WATFORD CLOSE is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Watford Close |
| Sep 2024 | Bicycle theft | Under investigation | On or near Watford Close |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Whitchurch Close |
| Oct 2024 | Anti-social behaviour | On or near Woolwich Close | |
| Oct 2024 | Anti-social behaviour | On or near Woolwich Close |