£132,650
This estimated value is based upon the latest sale price for the house of £98,900 on 31 Aug 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 |
|---|---|
| £98,900 | 31 Aug 2016 |
| £99,950 | 29 Mar 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 August 2016 the House Price Index for TYNE AND WEAR was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.126%.Applying this 34.126% change to the original purchase price of £98,900 results in an estimated price of approximately £132,650.
| 31 Aug 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.126 % | £98,900 | £33,750 | £132,650 |
The Postcode Pricing Model uses changes in average sales price within the NE8 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 | 43.208 % | £42,732 | £141,632 |
| 3 Month Average | 20.056 % | £19,835 | £118,735 |
| 6 Month Average | 20.915 % | £20,685 | £119,585 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £216,657 | £210,000 | 24 FOSTER DRIVE |
| 8 Dec 2023 | £93,885 | £91,000 | 68 FOSTER DRIVE |
| 23 Oct 2023 | £92,092 | £90,000 | 51 FOSTER DRIVE |
| 5 Oct 2023 | £97,208 | £95,000 | 38 FOSTER DRIVE |
| 3 Oct 2023 | £184,183 | £180,000 | 88 FOSTER DRIVE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 16 Oct 2014. Using an estimated price of £132,651 means this house is valued at £2,411 per sq meter (£224 per sq foot).
The average size of a house on RENFORTH CLOSE is 84 sq meters (913 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Foster Drive | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Ovett Gardens |
| Aug 2024 | Burglary | Awaiting court outcome | On or near Ovett Gardens |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Redgrave Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Redgrave Close |