£140,813
This estimated value is based upon the latest sale price for the house of £81,500 on 6 Jan 2010. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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| Price Paid | Date |
|---|---|
| £81,500 | 6 Jan 2010 |
| £82,500 | 15 Dec 2006 |
| £69,000 | 15 Jun 2004 |
| £28,000 | 25 Jul 1997 |
| £27,000 | 4 Oct 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 38 sq meters or 418 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 January 2010 the House Price Index for TYNE AND WEAR was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.777%.Applying this 72.777% change to the original purchase price of £81,500 results in an estimated price of approximately £140,813.
| 6 Jan 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.777 % | £81,500 | £59,313 | £140,813 |
The Postcode Pricing Model uses changes in average sales price within the NE35 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 | 164.381 % | £133,970 | £215,470 |
| 3 Month Average | 10.815 % | £8,814 | £90,314 |
| 6 Month Average | 19.515 % | £15,904 | £97,404 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2024 | £179,950 | £179,950 | 3 EDGEWORTH CLOSE |
| 8 Dec 2023 | £340,462 | £330,000 | 16 CINDERFORD CLOSE |
| 30 Mar 2022 | £175,329 | £167,950 | 16 CHURCHDOWN CLOSE |
| 4 Mar 2022 | £182,688 | £175,000 | 3 EASTCOMBE CLOSE |
| 3 Feb 2022 | £6,920 | £6,550 | 40 CHELTENHAM DRIVE |
This house has a floor area of 38 sq meters or 418 sq feet when measured on 17 Feb 2009. Using an estimated price of £140,814 means this house is valued at £3,620 per sq meter (£336 per sq foot).
The average size of a house on CHELTENHAM DRIVE is 82 sq meters (889 sq feet).
This house is the smallest in the street with a floor area of 38 sq meters (418 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Brockhampton Close |
| Sep 2024 | Anti-social behaviour | On or near Eastcombe Close | |
| Sep 2024 | Anti-social behaviour | On or near Eastcombe Close | |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Nailsworth Close |
| Oct 2024 | Public order | Under investigation | On or near Cinderford Close |