£101,780
This estimated value is based upon the latest sale price for the house of £95,000 on 1 Dec 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 |
---|---|
£95,000 | 1 Dec 2021 |
£91,000 | 18 Dec 2009 |
£93,500 | 11 Jul 2005 |
£52,000 | 15 Dec 2000 |
Semi-Detached |
Freehold |
Floor Area: 47 sq meters or 505 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 2021 the House Price Index for TYNE AND WEAR was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £95,000 results in an estimated price of approximately £101,780.
1 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 148.6 | 7.138 % | £95,000 | £6,780 | £101,780 |
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 | -25.670 % | £-24,386 | £70,613 |
3 Month Average | -3.548 % | £-3,370 | £91,629 |
6 Month Average | 3.279 % | £3,115 | £98,115 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
16 Jun 2023 | £202,452 | £200,000 | 25 REDEWOOD CLOSE |
7 Oct 2022 | £123,668 | £125,000 | 69 REDEWOOD CLOSE |
19 Aug 2022 | £119,678 | £120,000 | 47 REDEWOOD CLOSE |
27 May 2022 | £168,169 | £165,000 | 6 REDEWOOD CLOSE |
12 Apr 2022 | £128,725 | £125,000 | 49 REDEWOOD CLOSE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 21 Jun 2021. Using an estimated price of £101,781 means this house is valued at £2,165 per sq meter (£201 per sq foot).
The average size of a house on REDEWOOD CLOSE is 72 sq meters (775 sq feet).
This house is the smallest in the street with a floor area of 47 sq meters (505 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Shap Lane |
Mar 2024 | Drugs | Offender given a caution | On or near Shap Lane |
Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Shap Lane |
Feb 2024 | Anti-social behaviour | On or near Shap Lane | |
Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Shap Lane |