£300,253
This estimated value is based upon the latest sale price for the house of £175,000 on 23 Aug 2012. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £175,000 | 23 Aug 2012 |
| Semi-Detached |
| Freehold |
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 August 2012 the House Price Index for TYNE AND WEAR was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £175,000 results in an estimated price of approximately £300,253.
| 23 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £175,000 | £125,253 | £300,253 |
The Postcode Pricing Model uses changes in average sales price within the NE29 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 | 55.213 % | £96,623 | £271,623 |
| 3 Month Average | 63.102 % | £110,427 | £285,427 |
| 6 Month Average | 49.081 % | £85,890 | £260,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £108,329 | £105,000 | 8 GARRICK CLOSE |
| 27 Nov 2023 | £66,693 | £65,000 | 22 MOOR PARK ROAD |
| 22 Sep 2023 | £245,359 | £239,950 | 35 MOOR CLOSE |
| 8 Feb 2023 | £138,928 | £138,000 | 2 HEXHAM CLOSE |
| 13 May 2022 | £189,949 | £185,000 | 17 MOOR PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Moor Park Road |
| Sep 2024 | Public order | Under investigation | On or near Adelphi Close |
| Sep 2024 | Anti-social behaviour | On or near Adelphi Close | |
| Sep 2024 | Vehicle crime | Under investigation | On or near Adelphi Close |
| Sep 2024 | Anti-social behaviour | On or near Adelphi Close |