£353,560
This estimated value is based upon the latest sale price for the house of £268,000 on 4 Oct 2016. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £268,000 | 4 Oct 2016 |
| £200,000 | 21 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 2016 the House Price Index for TYNE AND WEAR was 112.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 31.926%.Applying this 31.926% change to the original purchase price of £268,000 results in an estimated price of approximately £353,560.
| 4 Oct 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.0 | 31.926 % | £268,000 | £85,560 | £353,560 |
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 | 62.069 % | £166,343 | £434,343 |
| 3 Month Average | 29.460 % | £78,952 | £346,952 |
| 6 Month Average | 24.586 % | £65,890 | £333,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £304,000 | £304,000 | 29 CLEVELAND GARDENS |
| 31 Jan 2023 | £282,518 | £285,000 | 71 NEWTON ROAD |
| 27 Jan 2023 | £391,561 | £395,000 | 4 GRETTON PLACE |
| 6 Apr 2022 | £333,333 | £325,000 | 53 COTSWOLD GARDENS |
| 29 Sep 2021 | £407,832 | £380,000 | 5 BOUNDARY GARDENS |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 30 Jun 2016. Using an estimated price of £353,561 means this house is valued at £3,074 per sq meter (£285 per sq foot).
The average size of a house on COTSWOLD GARDENS is 127 sq meters (1,367 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cotswold Gardens |
| Apr 2024 | Possession of weapons | Under investigation | On or near Sports/Recreation Area |
| Apr 2024 | Drugs | Under investigation | On or near Sports/Recreation Area |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Stokesley Grove |