£307,603
This estimated value is based upon the latest sale price for the house of £249,000 on 4 Jan 2019. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £249,000 | 4 Jan 2019 |
| £248,000 | 16 Nov 2007 |
| Detached |
| Freehold |
| Floor Area: 152 sq meters or 1,636 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 January 2019 the House Price Index for TYNE AND WEAR was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £249,000 results in an estimated price of approximately £307,603.
| 4 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £249,000 | £58,603 | £307,603 |
The Postcode Pricing Model uses changes in average sales price within the NE28 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 | -19.332 % | £-48,136 | £200,863 |
| 3 Month Average | 17.633 % | £43,905 | £292,905 |
| 6 Month Average | 16.686 % | £41,548 | £290,548 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £213,740 | £210,000 | 14 HOUSESTEADS CLOSE |
| 27 Jan 2023 | £270,725 | £272,000 | 50 HOUSESTEADS CLOSE |
| 12 Aug 2022 | £289,720 | £290,500 | 29 HOUSESTEADS CLOSE |
| 15 Jul 2022 | £75,202 | £75,000 | 14 HAYDON DRIVE |
| 28 Jun 2022 | £226,704 | £223,500 | 72 HAYDON DRIVE |
This house has a floor area of 152 sq meters or 1,636 sq feet when measured on 10 Aug 2015. Using an estimated price of £307,603 means this house is valued at £2,023 per sq meter (£188 per sq foot).
The average size of a house on HOUSESTEADS CLOSE is 108 sq meters (1,165 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Housesteads Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Haydon Drive |