£173,636
This estimated value is based upon the latest sale price for the house of £159,950 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £159,950 | 24 Sep 2021 |
| £142,000 | 26 Sep 2019 |
| Terraced |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 September 2021 the House Price Index for TYNE AND WEAR was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £159,950 results in an estimated price of approximately £173,636.
| 24 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £159,950 | £13,686 | £173,636 |
The Postcode Pricing Model uses changes in average sales price within the NE15 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 | 53.101 % | £84,935 | £244,885 |
| 3 Month Average | 9.536 % | £15,252 | £175,202 |
| 6 Month Average | -4.252 % | £-6,800 | £153,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £184,637 | £179,950 | 16 ORMSKIRK CLOSE |
| 11 Aug 2023 | £155,301 | £152,500 | 6 ORDLEY CLOSE |
| 23 Jun 2023 | £84,187 | £82,500 | 2 ORMISTON |
| 10 Mar 2023 | £228,821 | £225,000 | 77 NEPTUNE ROAD |
| 24 Feb 2023 | £186,244 | £185,000 | 26 OTTERSHAW |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 1 Apr 2019. Using an estimated price of £173,637 means this house is valued at £2,630 per sq meter (£244 per sq foot).
The average size of a house on OTTERSHAW is 91 sq meters (987 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near Ottershaw |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ottershaw |
| Aug 2024 | Anti-social behaviour | On or near Ormskirk Close | |
| Aug 2024 | Anti-social behaviour | On or near Ormskirk Close | |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Ormskirk Close |