£368,066
This estimated value is based upon the latest sale price for the house of £235,000 on 19 Oct 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £235,000 | 19 Oct 2007 |
| Detached |
| Leasehold |
| Floor Area: 90 sq meters or 968 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 2007 the House Price Index for TYNE AND WEAR was 95.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.624%.Applying this 56.624% change to the original purchase price of £235,000 results in an estimated price of approximately £368,066.
| 19 Oct 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 149.7 | 56.624 % | £235,000 | £133,066 | £368,066 |
The Postcode Pricing Model uses changes in average sales price within the NE5 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 | 25.122 % | £59,035 | £294,035 |
| 3 Month Average | 30.599 % | £71,906 | £306,906 |
| 6 Month Average | 12.559 % | £29,513 | £264,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £391,995 | £379,950 | 25 MANDARIN CLOSE |
| 6 Oct 2023 | £255,810 | £250,000 | 7 WHORLTON TERRACE |
| 6 Oct 2023 | £2,558 | £2,500 | 22 MALAGA CLOSE |
| 25 Aug 2023 | £264,775 | £260,000 | 17 MANGROVE CLOSE |
| 4 Aug 2023 | £312,639 | £307,000 | 5 COLEY HILL CLOSE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 5 Mar 2013. Using an estimated price of £368,067 means this house is valued at £4,089 per sq meter (£379 per sq foot).
The average size of a house on MANGROVE CLOSE is 111 sq meters (1,202 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malaga Close |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Malaga Close |
| Apr 2024 | Other crime | Under investigation | On or near Malaga Close |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Janus Close |
| May 2024 | Violence and sexual offences | Under investigation | On or near Nedderton Close |