£141,068
This estimated value is based upon the latest sale price for the house of £81,000 on 21 Oct 2011. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £81,000 | 21 Oct 2011 |
| £77,000 | 18 Jun 2003 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2011 the House Price Index for TYNE AND WEAR was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.158%.Applying this 74.158% change to the original purchase price of £81,000 results in an estimated price of approximately £141,068.
| 21 Oct 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.158 % | £81,000 | £60,068 | £141,068 |
The Postcode Pricing Model uses changes in average sales price within the NE38 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 | 34.517 % | £27,958 | £108,958 |
| 3 Month Average | 3.303 % | £2,675 | £83,675 |
| 6 Month Average | 20.657 % | £16,732 | £97,732 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £132,478 | £130,000 | 21 CUILLIN CLOSE |
| 18 Apr 2023 | £124,835 | £122,500 | 5 CLEVELAND DRIVE |
| 9 Jan 2023 | £130,348 | £130,000 | 16 CUILLIN CLOSE |
| 8 Jul 2022 | £126,265 | £125,000 | 47 MENDIP DRIVE |
| 26 May 2022 | £143,745 | £140,000 | 3 CUILLIN CLOSE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 13 Aug 2012. Using an estimated price of £141,068 means this house is valued at £1,640 per sq meter (£152 per sq foot).
The average size of a house on PENDLE CLOSE is 84 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Pendle Close |
| Jun 2024 | Anti-social behaviour | On or near Pendle Close | |
| Jun 2024 | Anti-social behaviour | On or near Pendle Close | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Cuillin Close |
| Jul 2024 | Other crime | Investigation complete; no suspect identified | On or near Cuillin Close |