£302,443
This estimated value is based upon the latest sale price for the house of £174,995 on 24 Dec 2009. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£174,995 | 24 Dec 2009 |
Detached |
Leasehold |
Floor Area: 106 sq meters or 1,146 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 2009 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 72.830%.Applying this 72.830% change to the original purchase price of £174,995 results in an estimated price of approximately £302,443.
24 Dec 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 148.6 | 72.830 % | £174,995 | £127,448 | £302,443 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 16.475 % | £28,829 | £203,824 |
3 Month Average | 21.780 % | £38,113 | £213,108 |
6 Month Average | 32.020 % | £56,033 | £231,028 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Nov 2023 | £314,658 | £310,000 | 21 JEDBURGH CLOSE |
4 Aug 2023 | £312,736 | £310,000 | 26 JASMIN AVENUE |
23 Feb 2023 | £259,825 | £260,000 | 53 JEDBURGH CLOSE |
8 Feb 2023 | £284,808 | £285,000 | 11 JASMIN AVENUE |
6 Feb 2023 | £216,314 | £216,460 | 49 JEDBURGH CLOSE |
This house has a floor area of 106 sq meters or 1,146 sq feet when measured on 23 Dec 2009. Using an estimated price of £302,443 means this house is valued at £2,840 per sq meter (£263 per sq foot).
The average size of a house on MAGENTA CRESCENT is 112 sq meters (1,208 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other crime | Under investigation | On or near Magenta Crescent |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Magenta Crescent |
Jan 2024 | Anti-social behaviour | On or near Jedburgh Close | |
Jan 2024 | Anti-social behaviour | On or near Jedburgh Close | |
Jan 2024 | Anti-social behaviour | On or near Jedburgh Close |