£322,934
This estimated value is based upon the latest sale price for the house of £189,000 on 8 Jun 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 |
|---|---|
| £189,000 | 8 Jun 2012 |
| £187,500 | 26 Aug 2004 |
| Semi-Detached |
| Leasehold |
| Floor Area: 94 sq meters or 1,019 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 June 2012 the House Price Index for TYNE AND WEAR was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.865%.Applying this 70.865% change to the original purchase price of £189,000 results in an estimated price of approximately £322,934.
| 8 Jun 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.865 % | £189,000 | £133,934 | £322,934 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | 46.146 % | £87,215 | £276,215 |
| 3 Month Average | 19.932 % | £37,670 | £226,670 |
| 6 Month Average | 49.081 % | £92,763 | £281,763 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2024 | £179,950 | £179,950 | 3 EDGEWORTH CLOSE |
| 8 Dec 2023 | £340,462 | £330,000 | 16 CINDERFORD CLOSE |
| 30 Mar 2022 | £175,329 | £167,950 | 16 CHURCHDOWN CLOSE |
| 4 Mar 2022 | £182,688 | £175,000 | 3 EASTCOMBE CLOSE |
| 3 Feb 2022 | £6,920 | £6,550 | 40 CHELTENHAM DRIVE |
This house has a floor area of 94 sq meters or 1,019 sq feet when measured on 24 Jan 2012. Using an estimated price of £322,934 means this house is valued at £3,410 per sq meter (£316 per sq foot).
The average size of a house on CHELTENHAM DRIVE is 82 sq meters (889 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Brockhampton Close |
| Sep 2024 | Anti-social behaviour | On or near Eastcombe Close | |
| Sep 2024 | Anti-social behaviour | On or near Eastcombe Close | |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Nailsworth Close |
| Oct 2024 | Public order | Under investigation | On or near Cinderford Close |