£59,404
This estimated value is based upon the latest sale price for the house of £38,000 on 20 Feb 2014. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £38,000 | 20 Feb 2014 |
| £10,750 | 9 Apr 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 24 sq meters or 258 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 February 2014 the House Price Index for TYNE AND WEAR was 93.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 56.328%.Applying this 56.328% change to the original purchase price of £38,000 results in an estimated price of approximately £59,404.
| 20 Feb 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 146.7 | 56.328 % | £38,000 | £21,404 | £59,404 |
The Postcode Pricing Model uses changes in average sales price within the NE40 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 | 82.206 % | £31,238 | £69,238 |
| 3 Month Average | 35.203 % | £13,376 | £51,376 |
| 6 Month Average | 29.065 % | £11,044 | £49,044 |
This house has a floor area of 24 sq meters or 258 sq feet when measured on 10 Jun 2020.
The average size of a house on MOLLYFAIR CLOSE is 38 sq meters (412 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Meadowfield Crescent |
| Mar 2024 | Public order | Under investigation | On or near Meadowfield Crescent |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Meadowfield Crescent |
| Mar 2024 | Other theft | Awaiting court outcome | On or near Meadowfield Crescent |
| Mar 2024 | Anti-social behaviour | On or near Meadowfield Crescent |