£139,179
This estimated value is based upon the latest sale price for the house of £142,500 on 28 Oct 2022. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £142,500 | 28 Oct 2022 |
| £124,950 | 31 Mar 2016 |
| £118,500 | 2 Jul 2010 |
| £45,000 | 12 Sep 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 62 sq meters or 667 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 2022 the House Price Index for TYNE AND WEAR was 150.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -2.330%.Applying this -2.330% change to the original purchase price of £142,500 results in an estimated price of approximately £139,179.
| 28 Oct 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 146.7 | -2.330 % | £142,500 | £-3,320 | £139,179 |
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 | -9.197 % | £-13,106 | £129,393 |
| 3 Month Average | -6.663 % | £-9,494 | £133,005 |
| 6 Month Average | 27.602 % | £39,333 | £181,833 |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 29 Jan 2016.
The average size of a house on TALBOT CLOSE is 77 sq meters (834 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Fatfield Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sherwood Close |