£276,274
This estimated value is based upon the latest sale price for the house of £270,000 on 27 Oct 2023. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
There has been one burglary within the last year on or near Dovestone Close
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| Price Paid | Date |
|---|---|
| £270,000 | 27 Oct 2023 |
| £225,000 | 7 Jun 2017 |
| £220,000 | 11 Dec 2013 |
| Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2023 the House Price Index for TYNE AND WEAR was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £270,000 results in an estimated price of approximately £276,274.
| 27 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £270,000 | £6,274 | £276,274 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 7.560 % | £20,411 | £290,411 |
| 3 Month Average | 16.999 % | £45,896 | £315,896 |
| 6 Month Average | -3.741 % | £-10,099 | £259,900 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £446,866 | £440,000 | 18 EDALE CLOSE |
| 15 Dec 2023 | £206,340 | £200,000 | 14 RUSHTON WAY |
| 24 Nov 2023 | £246,251 | £240,000 | 7 BRETTON CLOSE |
| 23 Nov 2023 | £173,402 | £169,000 | 7 RUSHTON WAY |
| 27 Oct 2023 | £276,275 | £270,000 | 3 THORNCLIFFE CLOSE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 5 Dec 2013. Using an estimated price of £276,275 means this house is valued at £2,970 per sq meter (£275 per sq foot).
The average size of a house on THORNCLIFFE CLOSE is 147 sq meters (1,583 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Dovestone Close | |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Dovestone Close |
| Jul 2024 | Anti-social behaviour | On or near Thorncliffe Close | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Thorncliffe Close |
| Jul 2024 | Anti-social behaviour | On or near Thorncliffe Close |