£738,283
This estimated value is based upon the latest sale price for the house of £645,000 on 30 Jul 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £645,000 | 30 Jul 2021 |
| £385,000 | 12 Oct 2006 |
| £175,950 | 30 Apr 1999 |
| Detached |
| Freehold |
| Floor Area: 247 sq meters or 2,658 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 July 2021 the House Price Index for TYNE AND WEAR was 129.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.462%.Applying this 14.462% change to the original purchase price of £645,000 results in an estimated price of approximately £738,283.
| 30 Jul 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.0 | 14.462 % | £645,000 | £93,283 | £738,283 |
The Postcode Pricing Model uses changes in average sales price within the NE7 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 | 159.050 % | £1,025,875 | £1,670,875 |
| 3 Month Average | 3.993 % | £25,752 | £670,752 |
| 6 Month Average | 4.209 % | £27,148 | £672,148 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Jun 2023 | £285,313 | £283,000 | 25 CAWBURN CLOSE |
| 31 Mar 2023 | £216,168 | £215,000 | 6 CAWBURN CLOSE |
| 3 Dec 2021 | £418,818 | £392,500 | 31 CAWBURN CLOSE |
| 1 Oct 2021 | £396,724 | £360,000 | 55 GREENLEE DRIVE |
| 30 Jul 2021 | £738,283 | £645,000 | 4 SETTLINGSTONE CLOSE |
This house has a floor area of 247 sq meters or 2,658 sq feet when measured on 26 May 2021. Using an estimated price of £738,283 means this house is valued at £2,989 per sq meter (£277 per sq foot).
The average size of a house on SETTLINGSTONE CLOSE is 177 sq meters (1,907 sq feet).
This house is the largest in the street with a floor area of 247 sq meters (2,658 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cawburn Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Broomlee Close |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Broomlee Close |
| Apr 2024 | Anti-social behaviour | On or near Melkridge Gardens | |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Melkridge Gardens |