£417,469
This estimated value is based upon the latest sale price for the house of £245,000 on 19 Dec 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 |
---|---|
£245,000 | 19 Dec 2012 |
Detached |
Freehold |
Floor Area: 100 sq meters or 1,076 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 December 2012 the House Price Index for TYNE AND WEAR was 87.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.396%.Applying this 70.396% change to the original purchase price of £245,000 results in an estimated price of approximately £417,469.
19 Dec 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.9 | 149.7 | 70.396 % | £245,000 | £172,469 | £417,469 |
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 | 54.800 % | £134,260 | £379,260 |
3 Month Average | 43.253 % | £105,969 | £350,969 |
6 Month Average | 41.726 % | £102,229 | £347,229 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £322,151 | £315,049 | 27 MINISTRY CLOSE |
18 Aug 2023 | £376,796 | £370,000 | 23 MINISTRY CLOSE |
12 Jun 2023 | £341,851 | £335,000 | 15 HIDDLESTON AVENUE |
10 Feb 2023 | £296,984 | £295,000 | 63 MINISTRY CLOSE |
19 May 2022 | £313,158 | £305,000 | 33 MINISTRY CLOSE |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 25 Sep 2012. Using an estimated price of £417,470 means this house is valued at £4,174 per sq meter (£387 per sq foot).
The average size of a house on MINISTRY CLOSE is 96 sq meters (1,042 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Fontburn Place |
Jul 2024 | Shoplifting | Under investigation | On or near Fontburn Place |
Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fontburn Place |
Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Fontburn Place |
Jun 2024 | Shoplifting | Under investigation | On or near Fontburn Place |